New Delhi, Aug. 25 -- The most valuable private bank in India spent Tuesday morning doing almost nothing, at almost no volume, roughly two percent above the lowest price it has traded in a year. Fifteen minutes of Steel Authority of India's morning turnover would have covered HDFC Bank's entire first hour.

28 IST, down Rs.1.55 or 0.21 percent on Monday's close of Rs.729.00, and at Rs.727.60 on the BSE. It opened at Rs.726.60 and has held a range of Rs.724.50 to Rs.728.70, a band of four rupees on a seven-hundred-rupee stock. Volume was 23.82 lakh shares. These are live intraday figures from a session that settles at 15:30 IST, and none of them is a closing price.

The Nifty 50 was down 0.40 percent at 24,122.90 and the Nifty Bank 0.23 pe...