Indian Bank Stocks Reel as Foreign Funds Flee and Jefferies Flags 44% Upside in HDFC Bank

₹2.4 trillion ($25.1 billion) — the amount overseas investors have dumped from Indian equities year-to-date, pulling the Nifty 50 down 7% and turning the rupee into one of Asia's worst performers. This exodus is the defining headwind for Indian financials.

Money Moves

• Jefferies BFSI Verdict: HDFC Bank Upside Target ₹1,050 — Jefferies sets a 44% upside target for HDFC Bank at ₹1,050, citing earnings momentum despite the broader market rout.
• **SBI...