PTI
Mumbai
The BSE Sensex and Nifty rose more than 2 percent on Monday, posting their biggest single-day percentage gain in nearly nine months since January, as expectations for a U.S. rate hike faded after weaker-than-expected U.S. jobs data.
The 30-share index closed higher at 26,785.55 points vs 26,220.95 points from its last close, up 564.60 points.
The NSE 50-share Nifty was also closed trade higher 168.40 points, at 8,119.30 points.
Among major gainers, Tata Motors was up 6.01 per cent, Tata Steel 5.82 per cent, ICICI Bank 4.90 per cent, Larsen and Toubro 4.12 per cent, HeroMotoCorp by 4.00 per cent, Hindalco, up 3.35 per cent and TCS 2.65 per cent.
The Foreign portfolio investors (FPIs) bought shares worth a net Rs 48.60 crore last Thursday, as per provisional data released by the stock exchanges.
In overseas markets, Asian stocks rose after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of the last week's weaker-than-expected US employment data. Hang Seng, Straits Times, Nikkei and Taiwan were up, while Chinese market was closed for a holiday.
The US stocks closed on a positive note last Friday after a late-afternoon rally, but weak jobs data added to the worries about slowing down of the world's largest economy.
