(RTTNews) - Indian shares inched higher on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal. The upside was capped by weak global cues due to lingering concerns around stretched tech valuations, risks around U.S. tariffs and signs of a softening U.S. jobs market. The benchmark BSE Sensex was up 253 points, or 0.30 percent, at 84,815 in early trade while the broader NSE Nifty index edged up by 50 points, or 0.2 percent, to 25,960. Kotak Mahindra Bank rose about 1 percent ahead of a board meeting later this week to consider a stock split. Lupin gained 1 percent after the U.S.
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