Sensex, Nifty rebound as easing US yields, Asian gains boost sentiment
Mumbai, Sept. 4 -- The key equity benchmarks ended with modest gains on Friday, snapping a four-session losing streak. The rebound was supported by positive Asian cues and easing US Treasury yields, as expectations of an imminent Federal Reserve rate hike moderated. The Nifty settled near the 23,900 level, while the Sensex also closed above 76,500 mark. Gains were led by metal and private banking stocks.
Investors remained cautious ahead of the US nonfarm payrolls report due later on Friday. The data is expected to provide fresh clues on the Federal Reserve's interest-rate path. Market participants will also track upcoming US inflation data for further direction.
The S&P BSE Sensex jumped 362.57 points or 0.48% to 76,515.43. The Nifty 5...
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