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Sensex, Nifty rise; Reliance Industries, ICICI Bank lead

Reuters 

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.Asian shares were higher, with MSCI's broadest index of Asia-Pacific shares ...

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First Published: Mon, July 09 2018. 12:13 IST
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