Indian shares are expected to open modestly higher on Monday, tracking firm global cues after U.S. jobs data eased fears of an imminent Federal Reserve rate hike. U.S. non-farm payrolls unexpectedly fell by 23,000 in July, with prior months revised downward, reducing the likelihood of a near-term rate increase. Brent crude futures rose more than 1 percent to $84.45 a barrel amid signs the Strait of Hormuz will not return to normal soon, while gold slipped to $4,320 an ounce after surging over 7 percent on Friday. Asian markets were mostly higher, and U.S. stocks advanced with the S&P 500 gaining 0.6 percent to a record close.
