GREED & Fear report, March 30 -- HDFC Bank share price remained under pressure on Monday, March 30, extending losses after falling more than 3% in the previous session on Friday, March 27, after Jefferies' Christopher Wood removed the private lender from two key portfolios, according to the latest GREED & Fear report.

The private sector lender has declined nearly 6% over the last two sessions. In Monday's trade alone, the stock fell as much as 2.3% to hit an intraday low of Rs.738.35.

In his latest GREED & Fear report, Wood said he had dropped HDFC Bank from both his Asia ex-Japan and global long-only equity portfolios, and shifted the allocation to HSBC.

"An investment in HSBC will also be introduced with a 4% weighting by removing th...