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The Economic Times

HDFC Bank names Anup Bagchi as MD and CEO after RBI approval; Infosys ADR jumps nearly 8% on October 1

AI Market Summary
Indian equities extended losses as rising global bond yields and elevated crude prices tightened financial conditions and pressured risk appetite. The news flow is mixed at the single-name level (HDFC Bank CEO appointment, Infosys ADR strength on Accenture read-through, solid bank credit growth, and higher metals/coal output), but the macro impulse from higher rates and oil dominates near-term positioning and cross-asset volatility.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT-1.13%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Indian equities extended their losing streak as rising global bond yields and elevated crude oil prices weighed on sentiment and stoked concerns over the FY27 economic outlook. The Nifty 50 fell 198.50 points and the BSE Sensex dropped 570.59 points. HDFC Bank received regulatory approval to appoint a new managing director and CEO. Infosys’ ADR rose nearly 8% in premarket trading after peer Accenture reported better-than-expected results and issued a stronger FY27 revenue outlook.
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