At 10:31 AM on Wednesday, the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services traded up to 1% higher; while, the Nifty Auto and Nifty Realty remained in negative zone.
The Nifty Private Bank index advanced over 1%, while the Bank Nifty and Nifty PSU Bank index rose 0.6% and 0.3% respectively on Tuesday, a day ahead of the RBI policy decision.
HDFC Bank shares have significantly underperformed peers over the last few years. The stock price has declined by 25 per cent in the past one year and 8 per cent in the past five years.
HDFC Bank has submitted two names for the CEO position as Sashidhar Jagdishan prepares to step down, easing investor concerns over succession at the lender
When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.
HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off
SIPs have been marketed as a product that can deliver 12 per cent, 14 per cent and other such fantastical figures. These claims are made by people who have a vested interest in saying so, Sharma said.
Analysts at Jefferies believe that uncertainty can drag EPS & valuations, but after a 27% fall year-to-date at 1.5x PB, the risk-reward for HDFC Bank stock seems balanced.
Analysts said that the rise in DIIs' stake in HDFC Bank was backed by sustained buying from mutual funds. The overall MF holdings increased to 26.5% in June 2026, from 22.5% in the Sept 2025 quarter
Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.
Shares decline around 2 per cent as a US securities fraud class-action lawsuit and uncertainty over MD & CEO Sashidhar Jagdishan's succession weigh on sentiment