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Nifty hits 15-1/2 month high on strong US jobs data

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Reuters

(Reuters) - The Nifty <.NSEI> rose to a 15-1/2 month high on Monday, tracking gains in other Asian markets, after solid U.S. jobs data bolstered expectations of an acceleration in U.S. economic growth at a time of ultra-easy global monetary policy conditions.

The broader NSE Nifty rose 0.32 percent to close at 8,711.35, after hitting a high of 8,723.50, its highest since April 16, 2015, earlier in the session.

The benchmark BSE Sensex <.BSESN> ended up 0.37 percent at 28,182.57.

Both the indexes posted their third straight session of gains.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Biju Dwarakanath)

 

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First Published: Aug 08 2016 | 4:24 PM IST

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