Indian shares were modestly higher on Friday as weak U.S. labor market data fueled fresh hopes for a Federal Reserve rate cut this month.
The benchmark BSE Sensex was up 167 points, or 0.2 percent, at 80,884 in early trade while the broader NSE Nifty index edged up by 68 points, or 0.3 percent, to 24,802.
Biocon advanced 1.4 percent after the U.S. FDA completed inspection of its Bengaluru facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.