$HDFCBANK Friday closed on a strong note. Nifty ended at 24,270 — its second straight session above the 24,150 resistance zone — while India VIX fell to a new multi-month low of 11.80, one of the most constructive signals the market has sent in months. HDFC Bank crossed the Rs 800 milestone for the first time on Friday, closing at Rs 801.05. That milestone matters because the stock has spent most of 2026 in repair mode — down nearly 19% year to date, having fallen from a 52-week high of Rs 1,020.50 to a low of Rs 726.65 in April before recovering steadily. The Rs 800 level was not just a number; it was a psychological barrier that had capped multiple recovery attempts. Now comes the real test. HDFC Bank's Q1 FY27 results are due on July 18, and the pre-result business update already shows gross advances at Rs 30.61 lakh crore — up 15.4% year on year — and deposits rising 14.7% YoY to Rs 31.71 lakh crore. CASA deposits grew 9.4% YoY. The loan book has crossed Rs 30 lakh crore for the first time. These are operational numbers the market will price in ahead of the formal result. With VIX at multi-month lows, Nifty above key resistance and earnings season now officially underway, how HDFC Bank trades this week could set the tone for the broader financial sector heading into results fortnight.

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