US jobs data released Friday came in far short of expectations, with the economy adding just 235,000 positions in August.
Watch Goldilocks' Gautam Shah and WeathMills Securities' Kranthi Bathini share expert insights with Rahul Oberoi on Money9.
A closer look at the BSE500 index shows that 418 or 84% constituents of the index ended the week with gains.
Sensex surged 2,005 points or 3.57% to settle at 58,129. Nifty 50 soared 618 points or 3.70% to settle at 17,323 in the week gone by.
In a volatile session, after hitting an intraday low of 57,764.07, the 30-share BSE index ended at 58,129.95, up 277.41 points or 0.48%
"Considering the present market conditions, short-term investors should keep strict stop loss"
Chandan Taparia of Motilal Oswal Financial Services is positive on Ease My Trip with a target price of Rs 500.
Sensex surpassed the 58,000-mark as it jumped 200 points or 0.35% to 58,053 and the Nifty 50 was quoting at 17,289 advancing 55 points or 0.32%.
Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell.
Sensex ended 514.33 points or 0.90% at 57,852.54, while Nifty climbed 157.90 points or 0.92% to 17,234.15