HDFC Bank shares rose 2% in early trade to touch a day high of Rs 1,837. At 1:34 pm, the stock was trading 1.25% higher at Rs 1,827.10.

HDFC Bank share price rallied over a percent to hit a fresh record high on Tuesday amid strong buying momentum. HDFC Bank shares witnessed a block deal of 21.7 lakh shares on Tuesday, December 3, data from Bloomberg showed.

The bank’s market capitalisation first topped Rs 14 lakh crore during intraday trade on November 28. Prior to this, on November 25, the stock surged above Rs 1,800 to hit a fresh all-time high amid extraordinary trading volumes triggered by the MSCI November rebalancing.

HDFC Bank shares soared to a fresh all-time high on Tuesday, December 3, riding on robust buying momentum and favourable market conditions. The stock touched a lifetime high of Rs 1,837.40 apiece on the National Stock Exchange (NSE),

The Nifty50 chart is showing early signs of a potential reversal, and when we connect the dots with large-cap stocks like Reliance and HDFC Bank, the outlook becomes even more intriguing.

On November 28, during intraday trading, the bank's market value last crossed the Rs 14 lakh crore threshold before the shares fell below Rs 1,800.

An analyst tracking HDFC Bank has a price target of as high as ₹2,550 on the stock, which implies a potential upside of 40% from current levels.

By Bharath Rajeswaran (Reuters) -Indian shares closed higher for a third straight session on Tuesday, led by HDFC Bank and Reliance Industries due to cheaper valuations after the benchmarks slipped into correction territory recently.