HDFC Bank share price closes at ₹713; falls 1.18% on September 17

Key Takeaways

• HDFC Bank declined ₹8.50 or 1.18% to ₹713, with the closing price matching the displayed session low.
• More than 24 million shares changed hands, while the stock operated within a narrow ₹6 high-low range during the day.
• The ₹713 close was below the 50-day, 100-day and 200-day DMAs, with the longest average at ₹809.80.

HDFC Bank share price closed September 17 at ₹713, down ₹8.50 or 1.18%. The stock opened at ₹718 after a previous close of ₹722. Its displayed high was ₹719 and the low ₹713, producing a narrow ₹6 trading range. HDFC Bank ended exactly at the displayed low, with the session's final price also ₹5 below the opening level.

Volume was far larger than the size of the daily range might suggest, reaching 24,085,526 shares. Market capitalisation stood at ₹10,99,031 crore. The stock's 52-week range extended from ₹682 to ₹1,021. At ₹713, the latest close was only ₹31 above the annual low and ₹308 below the high.

The moving-average figures all sat above the September 17 close. The 50-day DMA was ₹734.40, a difference of ₹21.40. The 100-day DMA stood at ₹763.10, or ₹50.10 above the closing value. The 200-day measure was ₹809.80, leaving the largest gap at ₹96.80.

Return readings were negative across every displayed period. HDFC Bank recorded -1.93% over one month and -9.16% over three months. The six-month return was -15.18%, while the one-year figure was -26.26%. The decline increased in magnitude across these four time windows.

September 17 itself was comparatively contained. HDFC Bank did not trade more than ₹3 above the ₹716 midpoint of its rounded daily range, and it finished at the lower endpoint. The closing level also remained close to the stock's ₹682 52-week low, with a gap of ₹31 compared with ₹308 to the annual high. Its three moving averages were progressively higher as the period lengthened from 50 to 200 days. Even with more than 24 million shares of volume, the displayed high-low spread remained just ₹6, making the combination of high turnover and a tight price range a distinctive feature of the session.