HDFC Bank Stock Update: Share Price Rises 0.72% Amidst MCLR Revision

HDFC Bank (NSE: HDFCBANK) shares are showing mild positive momentum in today's session, currently trading at ₹816.15, marking a 0.72% gain from its previous close of ₹810.30. The stock opened higher at ₹813.00, touching an intraday high of ₹818.90 before retreating slightly to its current levels. The intraday low for the session stands at ₹812.30. Volume for HDFCBANK remains robust at 7,545,095 shares, indicating active participation from traders and investors, especially after a significant decline in the previous trading session.

HDFC Bank Shares Trade Near 52-Week Low

Today's upward movement comes after a period of considerable volatility for HDFC Bank. With a 52-week high of ₹1,020 and a 52-week low of ₹727, the stock is currently trading closer to its annual bottom, reflecting the challenges faced by the banking giant. Today’s modest gain has not yet significantly challenged any key annual resistance levels, with the stock remaining well below its 52-week high. ICICI Bank Stock Update: Share Price Gains on Strategic Deal, Sector Optimism.

HDFC Bank Revises MCLR Lending Rates

The recent price action in HDFC Bank can be largely attributed to a confluence of factors, including its revised lending rates and ongoing concerns regarding its funding mix. The bank recently adjusted its Marginal Cost of Funds-Based Lending Rates (MCLR), effective July 7, 2026. While the overnight MCLR saw a reduction of 5 basis points (bps) to 8.05%, the crucial one-year and three-year MCLRs were increased by 5 bps, now standing at 8.45% and 8.70% respectively. These adjustments directly impact the interest costs for a substantial portion of the bank's floating-rate consumer and home loans.

Yesterday, HDFC Bank shares witnessed a notable decline of 3.06%, driven primarily by profit-taking and underlying concerns about the bank's shifting funding mix. Analysts highlighted that the bank's deposit growth, while healthy at 13.3% year-on-year (as of June 30, 2026), has been heavily reliant on higher-cost time deposits rather than lower-cost Current Account Savings Account (CASA) balances. This unfavourable shift is putting pressure on the bank's Net Interest Margins (NIMs) in a competitive interest rate environment. The broader Indian banking sector also experienced selling pressure on Wednesday, with reports of a slowdown in special foreign currency deposit collection impacting banks' leverage offerings. Furthermore, heavy activity is being observed in HDFC Bank's Rs 820 Call options for the July 28 expiry, with a significant 4,865 contracts changing hands, signalling focused directional interest among derivatives traders. Tata Consultancy Services Stock Update: Shares Slip Ahead of Q1 Earnings.

HDFC Bank Rally Hinges On Buying Momentum

For the remainder of the trading session, investors will closely monitor HDFC Bank's ability to sustain today's positive momentum amidst broader market sentiment. The focus will remain on further developments concerning the bank's funding profile and any fresh analyst commentary, as the market continues to digest the implications of the revised MCLR and the composition of deposit growth.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jul 09, 2026 10:16 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).