From The Economic Times · Kumar Gaurav · · 2m
Stocks in News: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc, RVNL
HDFC Bank appoints new CEO; Yes Bank reports strong growth as Indian equities fall.
In brief
HDFC Bank appoints new CEO; Yes Bank reports strong growth as Indian equities fall. HDFC Bank appointed Anup Bagchi as new Managing Director and CEO after RBI approval for a three-year term, while Yes Bank reported 24% year-on-year loan growth to Rs 3.1 lakh crore. Originally reported by The Economic Times.
Market Decline
Indian equities extended their losing streak on Thursday with rising global bond yields and elevated crude oil prices weighing on sentiment and fuelling concerns over the economic outlook for FY27.
Nifty and Sensex Performance
The Nifty 50 declined 198.50 points, or 0.88%, to close at 22,421.95, while the BSE Sensex fell 570.59 points, or 0.79%, to settle at 71,909.70.
Technical Analysis
The Nifty slipped below its weekly 200-day simple moving average zone of 22,600, 22,580 and moved closer to the projected support at 22,400.
HDFC Bank Leadership
HDFC Bank has appointed Anup Bagchi as its new Managing Director and CEO after receiving approval from the Reserve Bank of India for a three-year term.
Infosys ADR Performance
Infosys' American Depositary Receipt (ADR) gained nearly 8% in pre-market trading on October 1 after Accenture reported better-than-expected fourth-quarter results and offered a stronger revenue outlook for FY27.
Yes Bank Growth
Yes Bank reported strong business growth for the quarter ended September 30, 2026, with loans and advances rising nearly 24% year-on-year to Rs 3.1 lakh crore.
Hindustan Zinc Production
Hindustan Zinc reported a 5% year-on-year increase in mined metal production to 271 kilotonnes in the September quarter.
Bharat Coking Coal Production
Bharat Coking Coal reported a 20.7% year-on-year increase in raw coal production to 2.57 million tonnes in September, compared with 2.13 million tonnes in the corresponding month last year.
RVNL Video Surveillance
Rail Vikas Nigam Ltd (RVNL) said the letter of acceptance received from East Coast Railway for the supply, installation, testing and commissioning of an IP-based video surveillance system for ECoR rolling stock has been cancelled.
Punjab National Bank Warning
Punjab National Bank has received an administrative warning from the Securities and Exchange Board of India (SEBI) in connection with alleged violations of insider trading regulations involving six individuals.
DLF Luxury Sales
DLF announced the complete sell-out of The Aureva, its luxury residential community in Sector 63, Gurugram, aimed at the retirement segment, with sales of around Rs 1,985 crore.
The one thing
HDFC Bank appointed Anup Bagchi as new Managing Director and CEO after RBI approval for a three-year term, while Yes Bank reported 24% year-on-year loan growth to Rs 3.1 lakh crore.
