Indian Equities Climb as Softer U.S. Jobs Data Curbs Fed Rate‑Hike Bets

Indian equities opened higher on Friday, building on gains from the prior two sessions. Soft U.S. employment data bolstered expectations that the Federal Reserve will keep rates unchanged this month and possibly into September.

In early trading, the BSE Sensex rose 485 points (+0.6%) to 77,987, while the NSE Nifty advanced 160 points (+0.7%) to 24,336.

IT stocks continued their rise, with HCL Technologies up 4% and Tech Mahindra gaining more than 2%.

UltraTech Cement, Sun Pharma, BEL, and Tata Steel each rose between 2% and 3%.

Hindustan Zinc climbed 3% after reporting record first‑quarter mined output for the fifth consecutive year.

Bajaj Finance gained 1.2% as its assets under management grew at the fastest quarterly pace in four quarters.

Lenskart Solutions jumped 2.4% following board approval of a scheme of amalgamation.

Bajaj Housing Finance rose 4% after releasing a robust June‑quarter operational update, with gross disbursements up 33% year‑over‑year.

PC Jeweller surged 3.5% on a solid Q1 business performance.

Tata Motors Passenger Vehicles slipped about 1% after its Jaguar Land Rover volumes were affected in the first quarter.

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