MUMBAI (Reuters) - The BSE Sensex and Nifty rose more than 2 percent on Monday, posting their biggest single-day percentage gain in nearly nine months as expectations for a U.S. rate hike faded after weaker-than-expected U.S. jobs data.
Indexes posted a fourth consecutive day of gains after earlier hitting their highest intraday levels since Aug. 21. Markets were closed on Friday for a public holiday.
The Sensex gained 2.15 percent to end at 26,785.55, while the Nifty rose 2.12 percent to end at 8,119.30. Both posted their biggest single daily gains since Jan. 15.
(Reporting by Karen Rebelo in Mumbai; Editing by Anand Basu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app