Sensex, Nifty rebound as softer US jobs data lifts sentiment

Indian equity benchmarks Sensex and Nifty closed higher on Monday, with the Sensex jumping 472.77 points to 72,382.47 and the Nifty climbing 133.80 points to 22,555.75. The rally was driven by softer-than-expected US jobs data, which eased concerns over aggressive Federal Reserve rate hikes, and a moderation in crude oil prices. ITC, Bharti Airtel, ICICI Bank, and Reliance Industries were among the top gainers.