HDFC Bank Risks Losing Nifty 50 Influence to ICICI Bank
HDFC Bank faces a decline in Nifty 50 index weight as ICICI Bank closes the gap following a $60 billion drop in HDFC's market value.
HDFC Bank is at risk of losing its status as the most influential stock in the NSE Nifty 50 index to ICICI Bank. The lender's weight in the benchmark has fallen to 9.81%, while ICICI Bank has risen to 9.34%. This represents a significant narrowing of the gap, which exceeded four percentage points at the start of 2026.
Shares of HDFC Bank have dropped 29% this year, marking the worst relative performance against the Nifty Bank gauge since 2003. This decline has erased more than $60 billion in market value from the company's peak.
Market analysts attribute the downturn to a surprise CEO exit and growing concerns regarding the institution's corporate practices.
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