Market move▲ Bullish for HDFC Bank
Sensex rallies over 600 points as Indian markets rebound after eight weeks of declines
The brief
- Sensex gained over 600 points, or nearly 1%, to an intraday high of 72,540
- Nifty climbed nearly 1% and crossed 22,550
- Anup Bagchi’s appointment as HDFC Bank CEO was among factors cited for the rally
- The rebound lifts sentiment for Indian equities, including HDFC Bank shares
- HDFC Bank replaces ICICI Bank as top sector pick, says GreenEdge Wealth’s Digant Haria
- Anup Bagchi's Appointment Removes Key Overhang For HDFC Bank Stock, Supports Re-Rating, Say Brokerages
- HDFC Bank share price targets: What Jefferies, Nomura, Morgan Stanley say as Anup Bagchi named CEO
- HDFC Bank appoints Anup Bagchi as next managing director and CEO
- Anup Bagchi named HDFC Bank CEO; shares rise nearly 2%
Sensex rallies over 600 points as Indian markets rebound after eight weeks of declines
Monday, 5 October
- Sensex rallies over 600 points as Indian markets rebound after eight weeks of declines