HDFC Bank falls over 15% in March: Key factors why the banking giant is crucial for the stock market and mutual funds
HDFC Bank shares have tumbled over 15% this month after its part-time chairman, Atanu Chakraborty, abruptly resigned from his position. The sharp fall in HDFC Bank shares has impacted the broader markets as the stock has high weightage in the NIFTY50 and NIFTY Bank index. Mutual funds and FIIS also have substantial exposure to the stock.
HDFC Bank shares have tumbled over 15% this month after its part-time chairman, Atanu Chakraborty, abruptly resigned from his position. The sharp fall in HDFC Bank shares has impacted the broader markets as the stock has high weightage in the NIFTY50 and NIFTY Bank index. Mutual funds and FIIS also have substantial exposure to the stock.
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