India's HDFC Bank, ICICI Bank set for best week since Feb 2021 on foreign flows
BUZZ-India's HDFC Bank, ICICI Bank set for best week since Feb 2021 on foreign flows ** HDFC Bank HDBK.NS, ICICI Bank ICBK.NS up 11.2% and 9.1% so far this week
** Both lenders' shares set for best week since February 2021
** Slide in crude oil prices, strong earnings growth drive foreign flows back into Indian equities, with financials among key beneficiaries
** Indian equities drew $3.4 billion worth of foreign inflows this week through Thursday, per provisional data
** Financials, particularly HDFC Bank and ICICI Bank, among high foreign exposure stocks in India
** HDFC Bank rated "buy" on average by 40 analysts, median PT is 950 rupees; all 40 analysts covering ICICI Bank stock rate it "buy", median PT is 1,750 rupees -- LSEG compiled data
** YTD, HDFC Bank down 22.2%, while ICICI Bank up 13.7%
(Reporting by Payel Das in Bengaluru)
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