Nifty gains 154 points, Sensex ends 628 points higher as US Treasury action eases bond yield pressure
Mumbai, Aug. 20 -- Domestic benchmark indices ended higher on Thursday, snapping a week-long losing streak, after action by the US Treasury to contain the rise in global bond yields helped improve investor sentiment.
The Nifty 50 gained 153.55 points, or 0.64 per cent, to close at 24,231.85, while the BSE Sensex rose 628.04 points, or 0.82 per cent, to end at 77,537.72.
The market rebound came despite Brent crude oil prices rising more than 2 per cent to USD 94 per barrel at the time of reporting. Investors found some relief from easing pressure on global bond yields following the US Treasury's intervention.
Vinod Nair, Head of Research, Geojit Investments Limited, said the US Treasury's move provided relief to markets and triggered a ...
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