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Sensex, Nifty See Modest Gains In Cautious Trade
(RTTNews) - Indian shares were seeing modest gains in cautious trade on Monday despite weak cues from global markets.
The benchmark S&P BSE Sensex jumped 160 points, or 0.3 percent, to 61,497 in early trade, while the broader NSE Nifty index was up 44 points, or 0.2 percent, at 18,313.
Bajaj Auto, Nestle India, ITC, Bharti Airtel and Power Grid Corp rose 1-2 percent in the Nifty pack, while Tata Motors, Sun Pharma, ONGC, BPCL and Infosys all fell around 1 percent.
Yes Bank shares gained 1 percent. The private sector lender has concluded the transfer of the identified stressed loan portfolio worth Rs 48,000 crore to Asset Reconstruction Company JC Flowers.
Ashoka Buildcon added 2 percent after its subsidiaries sold stake in Jaora Nayagaon Toll Road to NIIF.
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Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.
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Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.
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U.S. Employment Rises Much Less Than Expected In July
Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.
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FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment
U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.
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