Stories
Sensex Jumps Over 700 Points as Markets Rebound on Easing Fed Concerns, Oil Price Drop
N
News18•05-10-2026, 10:30
Sensex Jumps Over 700 Points as Markets Rebound on Easing Fed Concerns, Oil Price Drop
- •Indian benchmark indices Sensex and Nifty rebounded significantly in early trade, with Sensex surging over 700 points.
- •The market rally was driven by a decline in crude oil prices and reduced concerns over further Federal Reserve tightening.
- •Key gainers among Sensex firms included Bajaj Finance, ITC, and HDFC Bank, while Bharat Electronics and Sun Pharma were among the laggards.
- •Anup Bagchi's appointment as MD and CEO of HDFC Bank, along with better-than-expected Accenture results, contributed to positive market sentiment.
- •Despite foreign institutional investors offloading equities, softer US employment data eased global risk appetite concerns, supporting the rebound.
Key Questions Answered
Market benchmark indices Sensex and Nifty rebounded following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting.
Anup Bagchi is set to become the next chief executive and managing director of HDFC Bank after the Reserve Bank cleared his name to lead the lender. He will succeed Sashidhar Jagdishan, taking office on October 27 for a three-year term.
The BSE Sensex surged 705.70 points to 72,594.57, while the NSE Nifty jumped 187.30 points to 22,605.10 later in the trade. This followed an earlier recovery from a previous drop on Thursday where the Sensex had declined 570.59 points.
