HDFC Bank Shares Slip in Diwali Muhurat Session After 13% Monthly Rally
During the special Diwali Muhurat session, HDFC Bank shares fell about 0.3% after a sharp weekly gain, while the Nifty Bank index lost 0.27%.
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what happened
According to Moody's, HDFC Bank shares opened higher during the special Muhurat trading session held on Sunday, November 8, but gave up those gains as the session neared its close. By 3:24 pm local time, the stock was quoted on BSE at Rs 784.50, down 0.32%, with a market capitalisation of Rs 12,10,672.68 crore.
During the day the shares ranged between Rs 783.20 and Rs 795. The pullback followed a steep run: the stock rose 13.32% over one week and 13.35% over two weeks, and gained 7% over three months. Even so, it is down 20.82% so far in 2026 and 20.19% over one year. Meanwhile the Nifty 50 was up 0.16%, and nearly all broad market indices were in positive territory.
why it matters
The Muhurat session is largely ceremonial, so its outcome says little about the broader trend. For the banking sector, the more relevant point is that a sharp recent rebound from a deep year-to-date decline makes HDFC Bank prone to profit-taking.
market impact
HDFC Bank and Nifty Bank: pullback after a sharp rally, during a ceremonial trading session.
tags
instruments
on polymarket
sources
- Diwali Muhurat trading 2026: Why HDFC Bank shares a talking point today amid Samvat 2083 despite 13% monthly rally — Moody's, 8 November 2026 at 13:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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