Sensex, Nifty rise after longest weekly losing streak in 25 years

Sensex and Nifty opened higher on Monday after posting their longest weekly losing streak in 25 years, helped by easing concerns over aggressive US rate hikes and falling oil prices. At 10:20 am, Sensex was up over 400 points, while Nifty gained 100 points. Softer-than-expected US jobs data reduced expectations of a Federal Reserve rate hike this month.