The S&P BSE Sensex on Monday jumped over 100 points, while the broader Nifty50 topped its key resistance level of 8,700 to hit its fresh 52-week high.
The headline indices rallied tracking positive trend seen in Asian markets after a stronger-than-expected July jobs report lifted confidence in the strength of the US economy, heightening expectations that the US Federal Reserve could hike interest rates this year.
At 09:25 am, the 30-share index was trading at 28,207, up 129.38 points, while broad-based 50-share index quoted 8,716, up 33.35 points
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The headline indices rallied tracking positive trend seen in Asian markets after a stronger-than-expected July jobs report lifted confidence in the strength of the US economy, heightening expectations that the US Federal Reserve could hike interest rates this year.
At 09:25 am, the 30-share index was trading at 28,207, up 129.38 points, while broad-based 50-share index quoted 8,716, up 33.35 points
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