IDFC First Bank Fraud

Indian markets rebounded on October 9, with the Nifty up 1.2% near 22,500 and the Sensex gaining 1.1% to about 72,392 after the previous session’s steep decline. IT stocks rose following TCS’s broadly in-line results; TCS gained as much as 6%, while HCL Tech and Tech Mahindra also advanced. Colgate Palmolive climbed nearly 8%.