{
  "id": 5250854,
  "title": "HDFC Bank is losing ground as Nifty’s top stock while ICICI Bank gains",
  "url": "https://urgent.news/2026/09/03/hdfc-bank-is-losing-ground-as-niftys-top-stock-while-icici-bank-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T04:55:36.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/hdfc-bank-is-losing-ground-as-niftys-top-stock-while-icici-bank-gains/article71422302.ece"
  },
  "original_language": "en",
  "account": "HDFC Bank is struggling to maintain its top position on India’s equity benchmark as leadership changes and governance concerns lead to a sell-off. The lender's weight in the Nifty 50 Index has decreased to 9.81%, closely trailing ICICI Bank's 9.34%, according to Bloomberg's latest data. This gap exceeded four percentage points at the beginning of the year. Reliance Industries takes the third spot with a weighting of over 8%. HDFC Bank's CEO, Sashidhar Jagdishan, is stepping down when his term ends, adding to the uncertainty as the bank faces questions about its practices, initially raised by its former part-time chairman. The bank's shares have fallen by 29% this year, marking the worst annual performance since 2008, while the Nifty Bank Index has declined by 4%. This sell-off has shaved off more than $65 billion from HDFC Bank's value, bringing its market capitalization to around $114.5 billion. ICICI Bank, on the other hand, has seen a 6% increase in its shares in 2026 and is currently valued at nearly $109 billion. Both banks are among the most closely watched lenders, with about 50 analysts covering each, according to Bloomberg's data. Neither bank has a sell recommendation.",
  "summary": "HDFC Bank’s weighting in NSE Nifty 50 Index shrinks to 9.81%, narrowly ahead of rival ICICI Bank Ltd’s 9.34%",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "HDFC Bank shares in focus: Bank stocks surge amid FCNR(B) bonanza",
        "url": "https://urgent.news/2026/09/03/hdfc-bank-shares-in-focus-bank-stocks-surge-amid-fcnr-b-bonanza",
        "published": "2026-09-03T05:31:45.000Z"
      },
      {
        "outlet": "Arabian Post",
        "title": "ICICI Bank narrows gap on HDFC Nifty lead",
        "url": "https://urgent.news/2026/09/03/icici-bank-narrows-gap-on-hdfc-nifty-lead",
        "published": "2026-09-03T05:55:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}