Stock markets rebound; Sensex climbs 473 points
Indian stock markets rebounded on Monday, driven by positive global cues and softer U.S. jobs data that eased inflation concerns. Additionally, HDFC Bank announced the appointment of Anup Bagchi as its new CEO.
Why it matters
Market fluctuations and leadership changes in major financial institutions significantly impact investor sentiment and the broader Indian economy.
Benchmark equity indices Sensex and Nifty ended higher on Monday (October 5, 2026), as softer-than-expected U.S. jobs data reduced expectations of aggressive monetary tightening by the US Federal Reserve, supporting risk appetite across emerging markets.
The 30-share BSE Sensex jumped 472.77 points, or 0.66%, to settle at 72,382.47. During the day, it surged 722.23 points, or 1%, to 72,631.93.
The 50-share NSE Nifty climbed 133.80 points, or 0.60%, to end at 22,555.75.
From the 30 Sensex firms, ITC, Eternal, Bharti Airtel, Bajaj Finance, Adani Ports, ICICI Bank, Reliance Industries and Larsen & Toubro were among the major winners.
HCL Tech, HDFC Bank, Sun Pharma, Infosys and Asian Paints were among the laggards.
Anup 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.
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