{"id":4970,"date":"2024-07-03T13:48:50","date_gmt":"2024-07-03T13:48:50","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=4970"},"modified":"2024-07-03T13:54:47","modified_gmt":"2024-07-03T13:54:47","slug":"hdfc-banks-share-surges-over-3-to-a-record-high-as-fii-shareholding-boosts-msci-weight-growth-possibilities","status":"publish","type":"post","link":"https:\/\/bhimmarkets.com\/blog\/hdfc-banks-share-surges-over-3-to-a-record-high-as-fii-shareholding-boosts-msci-weight-growth-possibilities\/","title":{"rendered":"HDFC Bank&#8217;s Share Surges Over 3% To A Record High As FII Shareholding Boosts MSCI Weight Growth Possibilities."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4970\" class=\"elementor elementor-4970\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e8d07af e-con-boxed e-flex e-con\" data-id=\"e8d07af\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3a56dc3 elementor-widget elementor-widget-image\" data-id=\"3a56dc3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.livemint.com\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" width=\"636\" height=\"370\" src=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/07\/hdfc.png\" class=\"attachment-large size-large wp-image-4971\" alt=\"HDFC Bank&#039;s share price surges\" srcset=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/07\/hdfc.png 636w, https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/07\/hdfc-300x175.png 300w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c45e7fa e-con-boxed e-flex e-con\" data-id=\"c45e7fa\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4005657 elementor-widget elementor-widget-text-editor\" data-id=\"4005657\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #000000;\"><a href=\"https:\/\/in.tradingview.com\/symbols\/NSE-HDFCBANK\/\">HDFC Bank&#8217;s<\/a> share surgesrallied over 3% on Wednesday, hitting a record high during early trade on the NSE. The shares jumped by 3.66%, reaching a fresh high of \u20b91,794.00 each. This surge was driven by expectations of increased passive fund inflows due to a likely weight increase in the MSCI index.<\/span><\/p>\n<h3>HDFC Bank&#8217;s Share Surges<\/h3>\n<p><span style=\"color: #000000;\">The latest shareholding pattern of HDFC Bank shows that foreign institutional investors (FII) ownership has dropped below 55%. This decrease is expected to boost the stock\u2019s weightage in the MSCI index, leading to higher passive inflows. As of June 2024, FII ownership in HDFC Bank stands at 54.8%, according to BSE data.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Potential for Significant Weight Change<\/span><\/h3>\n<p><span style=\"color: #000000;\">Nuvama Alternative &amp; Quantitative Research estimates that FIIs holding in HDFC Bank below 55% could lead to a significant weight change from 3.8% to 7.2% to 7.5%. This adjustment could potentially trigger inflows worth $3.2 billion to $4 billion. An FII shareholding below 55% requires an FII headroom of 25%, causing the half-factor to move to full.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Market Analysts&#8217; Perspectives<\/span><\/h3>\n<p><span style=\"color: #000000;\">VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, \u201cThe delivery-based buying in HDFC Bank stock witnessed in the last many days has the potential to continue for a few more days, pushing the stock further up and imparting resilience to it. As the weightage of HDFC Bank in Nifty increases, there will be more delivery-based buying by ETFs and active funds. There can be a marginal negative impact on other high-weightage stocks in the Nifty like RIL, TCS, Infosys, and ICICI Bank.\u201d<\/span><\/p>\n<h3><span style=\"color: #000000;\">Upcoming MSCI EM Index Rebalancing<\/span><\/h3>\n<p><span style=\"color: #000000;\">The forthcoming MSCI EM Index rebalancing is scheduled for August, with the official announcement set for August 13. Abhilash Pagaria, Head of Nuvama Alternative &amp; Quantitative Research, stated, \u201cAccording to base case calculations, the weight increase should lead to approximately $3.3 billion in inflows.\u201d<\/span><\/p>\n<h3><span style=\"color: #000000;\">Analysts&#8217; Insights: Jefferies and UBS<\/span><\/h3>\n<p><span style=\"color: #000000;\">Jefferies has maintained a \u2018Buy\u2019 rating on HDFC Bank shares, setting a target price of \u20b91,880 per share. They highlighted that the increase in MSCI index weight could be a positive near-term catalyst for the stock. In the medium term, strong deposit growth and improving Net Interest Margins (NIMs) are expected to be key drivers.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Impact on US-listed ADRs and Bank Nifty Index<\/span><\/h3>\n<p><span style=\"color: #000000;\">HDFC Bank\u2019s US-listed American Depository Receipts (ADR) rose by more than 4% overnight on the New York Stock Exchange (NYSE). The share price rally also boosted the Bank Nifty index, which jumped over 1.85%, or nearly 1,000 points, to trade above the 53,000 level.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Recent Performance of HDFC Bank Shares<\/span><\/h3>\n<p><span style=\"color: #000000;\">After a prolonged period of stagnation, HDFC Bank shares have surged nearly 20% over the past three months. The stock is up more than 12% in the past month alone. As of 9:30 am on Wednesday, HDFC Bank shares were trading 2.28% higher at \u20b91,770.00 each on the BSE.<\/span><\/p><h5 style=\"font-style: normal;\">Trade while moving. Anytime,&nbsp;Anywhere<\/h5><p style=\"font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"color: rgb(0, 0, 0);\">EFI Markets is a<\/span>&nbsp;<a href=\"https:\/\/efimarkets.com\/\">most trusted trading platform<\/a>&nbsp;<span style=\"color: rgb(0, 0, 0);\">that simplifies trading through its efficient platform and a range of tools and features.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>HDFC Bank&#8217;s share surgesrallied over 3% on Wednesday, hitting a record high during early trade on the NSE. The shares jumped by 3.66%, reaching a fresh high of \u20b91,794.00 each. This surge was driven by expectations of increased passive fund inflows due to a likely weight increase in the MSCI index. HDFC Bank&#8217;s Share Surges &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bhimmarkets.com\/blog\/hdfc-banks-share-surges-over-3-to-a-record-high-as-fii-shareholding-boosts-msci-weight-growth-possibilities\/\"> <span class=\"screen-reader-text\">HDFC Bank&#8217;s Share Surges Over 3% To A Record High As FII Shareholding Boosts MSCI Weight Growth Possibilities.<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":4971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[12],"tags":[15,32,20,14,34],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDFC Bank&#039;s Share Surges Over 3%<\/title>\n<meta name=\"description\" content=\"HDFC Bank&#039;s share surges 3% to a record high, 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