Santosh Meena, Head of Research at Swastika Investmart Ltd., explained that HDFC Bank, which had been outperforming the market in the lead-up to the MSCI rebalancing due to high expectations despite weak earnings, is now under pressure. He noted that the stock is facing profit-taking as investors respond to the phased inflows.
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Sensex, Nifty tank nearly 1%; HDFC Bank drags - The HinduSensex tumbles nearly 700 points amid broad-based selloff; slips below 79k - The PrintSensex tumbles 700 points amid broad-based selloff; slips below 79k - The FederalSensex Tumbles Nearly 700 Points Amid Broad-Based Selloff; Slips Below 79k - ETV BharatSensex, Nifty tank nearly 1%; HDFC Bank, SBI drags markets - The Bengaluru LiveHDFC Bank shares decline nearly 3.50 pc; mcap erodes by Rs 42,206 cr - The Bengaluru LiveLatest News | HDFC Bank Shares Decline Nearly 3.50 Pc; Mcap Erodes by Rs 42,206 Cr - LatestlySensex, Nifty tank nearly 1%; HDFC Bank drags - Rediff.comHDFC Bank Shares Plunge 3.50%, Mcap Drops Rs 42,206 Cr - Rediff.comShare Market Updates: शेयर बाजार में ताबड़तोड़ बिकवाली, सेंसेक्स करीब 700 अंक नीचे बंद, HDFC बैंक 3% गिरा - Good Returns (Hindi)Sensex 693 अंक टूटकर 79,000 अंक के नीचे, निफ्टी में भी गिरावट - Navabharat
