A section of traders in the stock market appeared to have got wind that the RBI notification banning further purchases in the HDFC Bank stock was coming. Nothing else can explain the sudden fall in HDFC Bank shares between 1:00 pm and 1:35 pm on Friday, as the price fell from Rs 1423 to the day’s low of Rs 1368.
The stock exchanges flashed the RBI notification banning further FII purchases in the stock at 1:39 pm.
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