Shares in Axis Bank Ltd fell after the government launched an offer to sell up to a 9 per cent stake in India's third-largest private-sector bank by assets to raise up to $935 million.Axis Bank shares were down nearly 1 per cent, compared with a 0.4 per cent gain in the broader Nifty. Axis shares touched a low of Rs.1,322.10 earlier in the day.However it is now riding on the general euphoria associated with the banking sector and has since recovered up by 2 percent.There will be profit booking soon enough and should take it back to the sell price of the government