#HDFCBank share price climbed above Rs 1,800 to hit a fresh all-time high on 25 November, as trading volumes saw an extraordinary surge with the MSCI November rebalancing coming into effect.

More than 21.5 crore HDFC Bank shares were traded across NSE and BSE — nearly 8.6 times its 20-day moving average volume of 2.5 crore shares. The bulk of the trading activity occurred in the final half-hour of the session, with 19 crore shares sold after 3:00 pm. The share price of HDFC Bank climbed above Rs 1,800 during the trading session, hitting an all-time high of Rs 1,803.55. It settled at Rs 1,785.6, up 2.3 percent from the previous close. The stock has gained over 16 percent in the past year, though it has underperformed the benchmark Nifty index, which is up 22 percent during the same period. HDFC Bank's current market capitalisation stands at Rs 13.63 lakh crore. Today’s activity comes as part of the Morgan Stanley Capital International (MSCI) indices' quarterly rebalancing, with Indian equities expected to see net inflows of $2.5 billion from foreign institutional investors (FIIs).