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Sensex posts best gain in nearly four weeks on earnings growth | Reuters

RUETERS - Indian shares rose nearly 2 percent on Monday, posting their biggest single-day percentage gain in nearly four weeks, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy.

Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year.

The broader NSE Nifty rose 1.71 percent to 7,866.05, while the benchmark BSE Sensex ended 1.82 percent higher at 25,688.86.

Both indexes posted their biggest single-day percentage gains since April 13.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Subhranshu Sahu)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: May 10, 2016 00:00 AM

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