HDFC Bank stock price rises over 3% to a 52-week high as FII shareholding boosts MSCI weight growth possibilities.
HDFC Bank share price rose as FIIs holding less than 55% of the bank’s shares might result in a large weight change from 3.8% to 7.2% to 7.5%, potentially triggering $3.2 billion to $4 billion in inflows. In early trade on Wednesday, HDFC Bank shares rose more than 3% to a 52-week high apiece on anticipation…