Published on 08/10/2026 at 12:18 am EDT
(Reuters) - Indian shares were flat on Monday as weaker-than-expected U.S. jobs data eased concerns about near-term rate hikes, offsetting higher oil prices on lingering Middle East uncertainty.
The Nifty fell 0.19% to 24,523.40, while the BSE Sensex shed 0.2% to 78,352.68 by 9:46 a.m. IST.
Both the benchmarks swung between 0.2% gains and 0.2% losses in morning trade.
Eleven of the 16 major sectors logged losses. The broader small-caps fell 0.2% and mid-caps traded flat.
Asian shares edged higher on Monday as the risk of a near-term rise in borrowing costs eased, a positive for foreign fund flows into emerging markets. [ MKTS /GLOB]
However, Brent crude rose 1% to about $84.5 a barrel as uncertainty persisted over the reopening of the Strait of Hormuz.
"The weaker-than-expected jobs data has reduced expectations of a September rate hike in the U.S., which is broadly positive for emerging markets such as India," said Santosh Meena, head of research at Swastika Investmart.
"However uncertainty surrounding U.S.-Iran tensions remains, which will be critical for market trajectory this week, as will the final leg of the June quarter earnings season, which could continue to trigger stock-specific moves," Meena said.
Oil India gained 2.5% after reporting a more than threefold jump in quarterly profit.
Titan Company rose 1.3% after profit rose in the June quarter.
Ola Electric fell 2% as weak sales outweighed a narrower loss in the June quarter.
Power Finance Corporation lost 3.6% after multiple brokerages flagged the weakness in net interest income and concerns about future growth outlook despite a quarterly profit beat.
Hero MotoCorp gained 2.8% after rising 3.1% on Friday after posting a rise in the June quarter profit.
"The positive surprise from earnings continued during the earnings call, where management outlined aggressive expansion plans to revive demand," said UBS.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Harikrishnan Nair and Nivedita Bhattacharjee)
By Bharath Rajeswaran

Sumber : Reuters