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9h ago

Indian Markets Stage Technical Rebound After Eight‑Week Slide

Eased Fed‑hike odds from softer U.S. jobs data plus lower oil prices put the RBI October meeting in the spotlight as the test for whether gains hold

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A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell, in New York City on October 5, 2026. Wall Street stocks opened without a clear direction on Monday, with investors opting for caution in the face of high bond yields, interest rate uncertainty and the war in Iran's effect on global prices. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)
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A person walks in front of an electronic stock board showing Japan's Nikkei and New York Dow indexes at a securities firm Wednesday, Sept. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

Overview

  • Benchmark indices recovered on Monday, with the Sensex and Nifty closing materially higher after their longest eight‑week losing run in 25 years.
  • Softer‑than‑expected U.S. payrolls cut the odds of an immediate Federal Reserve hike and helped lift risk appetite for emerging markets.
  • Brent and WTI eased after higher Middle East exports and a G7 stock release reduced near‑term supply concerns, removing one immediate inflation pressure for India.
  • Banking and financial stocks led the bounce and were boosted by corporate updates, including HDFC Bank naming Anup Bagchi as its next MD and CEO.
  • Heavy foreign outflows and elevated global bond yields remain strong headwinds, so markets are focusing on the RBI's expected 25bp move and upcoming earnings as decisive triggers for a sustained recovery.