 "HDFC Bank branch office in Mumbai")
DIIs cash in on HDFC Bank rally
On Friday, when HDFC Bank shares shot up 9.5 per cent as foreign institutional investors (FIIs) scrambled to increase their stake in the bank, domestic institutional investors (DIIs) were
quick to profit from the trade. According to the provisional data from the Bombay Stock Exchange, FIIs bought shares of Rs 8,000 crore while DIIs sold shares worth Rs 5,200 crore. Market players said, most of these deals took place in the HDFC Bank counter. “FIIs bought HDFC Bank shares in the spot market and sold them in futures whereas DIIs followed the
