HDFC Bank, Infosys, ITC shares: FPI favourites hit as 2026 outflows top Rs 2.5L cr mark
HDFC Bank moved lower in an institutional flows development.
30 Sept 2026 · Business Today Mkts
HDFC Bank, where foreign portfolio investors owned 41.82 per cent stake at the end of June quarter, valuing at Rs 4.66 lakh crore, saw its shares falling 27 per cent this year.
The analysis
HDFC Bank reported Rs 2.5 and Rs 4.66 lakh crore, with movement of 27% and 41.82% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.2% on the day at ₹702.65, and has returned -15.3% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.0% over the same period, so HDFC Bank is running 11.3 points behind its peers.
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it. On the day the stock is -1.2%, so a modest reaction.
Why it matters
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
Market context
- It touches several names at once (HDFCBANK, INFY, ITC), which points to a sector-level rather than company-specific driver.
- Sector exposure: Banks, IT, FMCG.
In this story
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