By Krishna V Kurup
(Reuters) - Indian shares rose on Monday, tracking gains in Asian peers after favourable U.S. jobs data boosted risk appetite, with heavyweights Reliance Industries Ltd and ICICI Bank Ltd driving the indexes higher.
The U.S. payrolls report on Friday showed strength in the world's biggest economy, as it created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year.
The broader NSE Nifty was up 0.59 percent at 10,836.10 as of 0620 GMT while the benchmark BSE Sensex rose 0.61 percent to 35,874.81.
For the last few weeks the U.S.-China trade tiff kept markets in check. However, investors are now shifting their focus to corporate earnings starting with India's biggest software services exporter Tata Consultancy services (TCS) reporting quarterly results on Tuesday.
Tata Steel Ltd rose more than 2 percent after the company reported an 8 percent rise in quarterly domestic production.
(Reporting by Krishna V Kurup in Bengaluru; Editing by Vyas Mohan)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)