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Nifty hits near 18-mth high on weak U.S. jobs data

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Reuters
Last Updated : Sep 06 2016 | 4:07 PM IST

REUTERS - The NSE Nifty jumped as much as 1.6 percent to hit a near 18-month high on Tuesday after tepid U.S. payrolls data on Friday tempered expectations of a September rate hike by the Federal Reserve.

Indian stock markets were closed on Monday for a public holiday.

The Nifty closed 1.51 percent higher on Tuesday at 8,943.00 after earlier hitting its highest since March 5, 2015.

The benchmark BSE Sensex ended up 1.56 percent at 28,978.02 after hitting its highest since April 15, 2015 earlier in the session.

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

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First Published: Sep 06 2016 | 3:55 PM IST

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