Bigger India
No Foreign Love For HDFC Bank May Be Bad News For Indian Stocks
New rules for monitoring foreign holdings in Indian stocks opened a temporary window for additional overseas investment of about 92 billion rupees ($1.4 billion) in HDFC Bank .
Even with a prime opportunity to buy shares of HDFC Bank Ltd. foreign investors aren’t biting, and that may signal that sentiment on Indian equities has turned sour, according to Arihant Capital Ltd.