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: HDFC Bank's shares will remain in focus after bank's MD & CEO, Sashidhar Jagdishan, decided not to seek reappointment.
Differences between boards and management over priorities and strategy are prompting some private bank CEOs to opt out, raising concerns over leadership continuity
Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins
Improving NIMs, which hit record low in Q1, a key medium-term trigger
The announcement on Saturday that Jagdishan - a three-decade HDFC Bank veteran - won't seek reappointment puts to rest months of speculation that he was eyeing an extension
The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares
Among internal candidates, Bharucha still has more than two years as board member
HDFC Bank MD & CEO Sashidhar Jagdishan will retire on October 26, 2026, after deciding not to seek reappointment, the bank said
On a year-to-date (YTD) basis, HDFC Bank has declined 28 per cent and remains 8 per cent lower than in the last five years.
Among large private banks, Goldman Sachs sees the strongest upside in ICICI Bank; Bernstein, meanwhile, rates ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank as 'Outperform.
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
Stocks to watch: HDFC Bank, Hyundai Motor India, BSE, IDFC First Bank, SpiceJet, Kolte-Patil Developers, Escorts Kubota, HDFC Life, Oil India, among others, will be in focus today.
Analysts said, brent crude and palm oil respectively remained elevated by 47% and 13% on year-to-date (YTD) basis, which might keep margins under pressure for FMCG sector.
Bernstein has, however, held on to some of the stocks in its earlier focus list - Larsen & Toubro (L&T), NTPC Axis Bank, HDFC Bank, Nuvama and HomeFirst.
HDFC Bank stock: Thus far in the calendar year 2026, HDFC Bank underperformed the market by falling 27 per cent, compared to a 8.2 per cent decline in the BSE Sensex.
Within the Nifty-500, DIIs were overweight in Consumer, public sector undertaking (PSU) Banks, Oil & Gas, Telecom, Metals, and Technology sectors in the June 2026 quarter, reports suggest.
Earlier today, Christopher Wood, global head of equity strategy at Jefferies, in his weekly note GREED & fear, revealed that he has exited HDFC Bank to make way for names like MCX and Lenksart.
India, Wood wrote, continues to benefit from improving domestic fundamentals, with bank credit growth accelerating to 17-18 per cent year-on-year in 2026.
Chairman Rajiv Kumar says HDFC Bank remains fundamentally strong with robust governance systems, while expressing confidence that CASA and margins will improve over the next two to three years