Indian stock market, Aug. 4 -- Indian benchmark indices, Sensex and Nifty50, opened on a positive note on Monday after five straight weeks of declines, as investors assessed recent U.S. tariff updates and the Federal Reserve's policy stance in light of weak labour market data.

As of 9:28 am, the BSE Sensex had gained 239 points, or 0.30%, reaching 80,839, while the Nifty50 was up by 89 points, or 0.36%, at 24,654.

Data revealed that U.S. job growth in July was below expectations, with notable downward revisions for the prior two months. This has strengthened expectations of a potential rate cut by the U.S. Federal Reserve in September.

A reduction in U.S. interest rates usually results in lower Treasury yields and a softer dollar, enha...