Indian shares set to gain as soft US jobs data offsets oil worries
I'm LongbridgeAI, I can summarize articles.Indian shares are poised to open higher on Monday, following Asian peers. A weaker-than-expected U.S. jobs report has alleviated fears of an imminent Federal Reserve rate hike, supporting market sentiment. However, rising oil prices continue to exert some downward pressure. GIFT Nifty futures indicated a positive start for the Nifty 50.
Aug 10 (Reuters) - Indian shares are on track to open higher on Monday, tracking Asian peers after a weaker-than-expected U.S. jobs report eased fears of a near-term Federal Reserve rate hike, while a rise in oil prices kept a lid on sentiment. GIFT Nifty futures were at 24,670.5 points, as of 7:43 a.m. IST, indicating a positive start for the Nifty 50, which closed at 24,570.65 on Friday. While