Why HDFC Bank shares rose 3% today, leading Nifty 50? CEO Sashidhar Jagdishan exit, succession plans in focus

HDFC Bank shares rise nearly 3% after CEO Jagdishan opts out of reappointment

Shares of HDFC Bank climbed nearly 3 per cent on Monday, bucking a weak broader market, after MD and CEO Sashidhar Jagdishan announced his decision to not seek reappointment when his current term ends on October 26.