HDFC Bank's prospects for MSCI, FTSE light up as overseas holdings dip

If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.

The entity created by the merger of Housing Development Finance Corp (HDFC) and HDFC Bank could make it to global indices MSCI and FTSE as overseas holdings in the two Indian firms have shrunk this year.

HDFC and HDFC Bank, in a surprise mid-quarter disclosure on May 13, said the total foreign portfolio investor (FPI) shareholding stood at 68.56 per cent and 66.55 per cent. This is down from 70.08 per cent in case of HDFC Bank and from 72.16 per cent in case of HDFC, during the start of the year.

“Both HDFC and HDFC Bank have filed their