HDFC Bank shares were in green on October 4, driven by expectations of significant foreign inflows related to the upcoming MSCI rejig. Market experts anticipate that the Mumbai-headquartered private lender could witness inflows worth $1.8 billion in November, as part of the second phase of the weight increase in the MSCI indices.

HDFC Bank may see $1.8 billion inflows from MSCI weight increase, despite recent underperformance, with strong deposit and advance growth reported for Q2 2024.

MSCI had in its August rejig announced the long-awaited weight increase for HDFC Bank. MSCI had made an exception by raising with lower adjustment factor, leading to an inflow of $1.8 billion.

HDFC Bank's most recent shareholding shows foreign ownership limit at 55.51% from 54.83% at the end of the June quarter.