Sensex, Nifty Trade Higher As Weak US Jobs Data Eases Fed Rate Hike Concerns

Equity benchmarks opened higher on July 3, tracking gains across Asian markets as IT stocks rallied and softer-than-expected US jobs data eased concerns about aggressive monetary tightening by the US Federal Reserve.

The 30-share BSE Sensex jumped 545.89 points, or 0.70 per cent, to 78,048.01 during initial trade. The 50-share NSE Nifty surged 173.85 points, or 0.72 per cent, to **24,346.90.