Foreign Institutional Investors (FIIs) have raised shareholding in Axis Bank, private sector bank in India.

FIIs shareholding increased 456 basis points to 48.74% at the end of March 2014 quarter from 43.18% as on Dec. 31, 2013.

Domestic institutional investors' (DIIs) shareholding went up to 9.99% at the end of March 2014 quarter from 9.75% as on Dec. 31, 2013.

Under DIIs, insurance companies held maximum stake of 6.27%, followed by mutual funds / UTI (3.66% stake) and Financial Institutions / Banks (0.06 stake).

Meanwhile, promoter and promoter group shareholding went down to 29.54% at the end of March 2014 quarter from 33.88% as on Dec. 31, 2013.

Shares of the bank gained Rs 33, or 2.31%, to settle at Rs 1,464.65. The total volume of shares traded was 147,221 at the BSE (Thursday).