Stock recommendations: Which stocks should you buy or sell on October 9, 2026?

Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, 2026 by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One.

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As HDFC Bank CEO, Bagchi set for 36 crore target pay

Anup Bagchi will assume the role of MD and CEO of HDFC Bank on October 27. His target annual compensation is set at Rs 35.9 crore, with potential total pay reaching Rs 43.2 crore. The compensation package includes a fixed pay of Rs 9 crore and a variable pay component capped at Rs 26.9 crore. Bagchi's pay significantly surpasses his previous compensation at ICICI Prudential Life.

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Rupee rises 10 paise against US dollar: What is supporting the currency?

The rupee opened at 96.71 against the dollar but improved to 96.65 thanks to intervention from the Reserve Bank of India. External factors, like a robust US dollar and climbing crude oil prices, are still putting pressure on the currency. Additionally, India's forex reserves are diminishing, leading to unease about the rupee's consistency.

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Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra

RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit.

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Loans set to get dearer as RBI hikes repo rate after 44 months

The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change.

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