Market benchmark indices, the Sensex and the Nifty, rebounded in early trade on Monday (October 5, 2026), following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting.
Among the 30 Sensex firms, Bajaj Finance, ITC, Bajaj Finserv, Larsen & Toubro, Axis Bank and State Bank of India were among the winners, while Bharat Electronics, Sun Pharma, Infosys and Asian Paints were among the laggards. Bagchi is set to be the next Chief Executive and Managing Director of HDFC Bank, with the Reserve Bank clearing his name to lead the largest private sector lender on Thursday (October 1, 2026). Bagchi, who has been associated with rival ICICI Bank and its subsidiaries since 1992, will succeed Sashidhar Jagdishan, whose six-year tenure was marred by allegations of unethical conduct and questionable governance practices towards the end. He will take over as MD and CEO from October 27, 2026, and the appointment is for three years, according to an exchange disclosure by the bank.
“After eight weeks of declines, the market appears set for a rebound in the near term. The better-than-expected results of Accenture and the appointment of Anup Bagchi as MD and CEO of HDFC Bank have the potential to lead to a turnaround in the market,” V.K. Mr. Mr.
Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd., said.
In Asian markets, Japan’s Nikkei 225 index jumped more than 2%, while the Hang Seng index was quoting marginally lower. U.S. markets ended higher on Friday (October 2, 2026). “Softer-than-expected U.S. employment data has eased some immediate concerns over further Federal Reserve tightening at its October meeting, offering a degree of support to global risk appetite.
However, elevated Treasury yields, persistent foreign selling and renewed geopolitical risks could limit the upside and keep investors guarded through the session,” said Ponmudi R., CEO, Enrich Money, an online trading and wealth-tech firm.
