Sensex, Nifty Gain As Metal Stocks Rally On US Soft Landing Hopes
Indian shares opened higher on Monday as another solid month of U.S. job creation boosted hopes that the world's largest economy is heading for a so-called soft landing.
The benchmark S&P BSE Sensex was up 115 points, or 0.2 percent, at 65,502 in early trade, while the broader NSE Nifty index was up 52 points, or 0.3 percent, at 19,487.
Metal stocks such as Coal India, Tata Steel and Hindalco climbed 3-4 percent.
IRFC shares were up nearly 19 percent and Jio Financials surged about 4 percent.