HDFC Bank stock anticipates $600 mn in inflows from passive trackers

HDFC Bank shares have already outperformed the market over the past three trading sessions, with a 3 per cent increase

Shares of HDFC Bank will witness massive inflows totalling $600 million from passive trackers this week, predict analysts.

This influx is attributed to the rebalancing activities in the S&B BSE Sensex and the Financial Times Stock Exchange (FTSE) indices.

The Sensex is set for its quarterly rebalancing act on September 15 (date of adjustment), resulting in inflows of $102 million (approximately Rs 850 crore).

Furthermore, the inclusion of HDFC Bank in the FTSE indices is expected to rake in $500 million (around Rs 4,100 crore) in inflows on the same date, as reported by Nuvama Alternative & Quantitative Research.

“FTSE