HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%

HDFC Bank shares recovered on Friday, rising 1.69 per cent to ₹703.95 on the NSE as of 12:15 IST, a day after the stock shed 1 per cent to ₹684.25 following the Reserve Bank of India’s 25-basis-point repo rate hike to 5.50 per cent. The stock opened at ₹696.60 and touched an intraday high of ₹706.4…