<p>Indian shares hovered near record highs on Monday, as heavyweight Reliance Industries scaled a peak and Asian markets jumped after a disappointing US jobs report raised hopes of continued economic support by the Federal Reserve.</p>.<p>The blue-chip NSE Nifty 50 index was up 17,375.50 around 10:30 am and the benchmark S&P BSE Sensex climbed 0.32 per cent to 58,318.56. Both the indexes rose more than 3.50 per cent in their second straight week of gains last week.</p>.<p>"The (Indian) equities at the moment have taken cues from how the rest of Asian market has responded to the U.S. jobs data which has not shown the strength required for taper or an interest-rate hike; that is now positive for the Indian market," said Anand James, chief market strategist at Geojit Financial Services.</p>.<p>Oil-to-telecoms conglomerate Reliance Industries Ltd was the top gainer, rising as much as 3.8 per cent to a record high. The stock is set to climb for a fourth straight session.</p>.<p>The company said on Friday its unit invested Rs 393 crore in Strand Life Sciences Pvt Ltd.</p>.<p>The Nifty Energy index, which rose 4.97 per cent last week, was a top gainer among other sub-indexes, climbing 1.05 per cent.</p>.<p>Among other stocks, Mahindra and Mahindra Financial Services added as much as 5.5 per cent. The company said on Friday it saw a reduction in non-performing asset contracts during the last month as customer cash flows improved.</p>.<p>In the broader Asian markets, shares edged higher as a weak U.S. payrolls report promised to keep policy there loose for longer, but also clouded the outlook for global growth and inflation.</p>
<p>Indian shares hovered near record highs on Monday, as heavyweight Reliance Industries scaled a peak and Asian markets jumped after a disappointing US jobs report raised hopes of continued economic support by the Federal Reserve.</p>.<p>The blue-chip NSE Nifty 50 index was up 17,375.50 around 10:30 am and the benchmark S&P BSE Sensex climbed 0.32 per cent to 58,318.56. Both the indexes rose more than 3.50 per cent in their second straight week of gains last week.</p>.<p>"The (Indian) equities at the moment have taken cues from how the rest of Asian market has responded to the U.S. jobs data which has not shown the strength required for taper or an interest-rate hike; that is now positive for the Indian market," said Anand James, chief market strategist at Geojit Financial Services.</p>.<p>Oil-to-telecoms conglomerate Reliance Industries Ltd was the top gainer, rising as much as 3.8 per cent to a record high. The stock is set to climb for a fourth straight session.</p>.<p>The company said on Friday its unit invested Rs 393 crore in Strand Life Sciences Pvt Ltd.</p>.<p>The Nifty Energy index, which rose 4.97 per cent last week, was a top gainer among other sub-indexes, climbing 1.05 per cent.</p>.<p>Among other stocks, Mahindra and Mahindra Financial Services added as much as 5.5 per cent. The company said on Friday it saw a reduction in non-performing asset contracts during the last month as customer cash flows improved.</p>.<p>In the broader Asian markets, shares edged higher as a weak U.S. payrolls report promised to keep policy there loose for longer, but also clouded the outlook for global growth and inflation.</p>