India, May 23 -- Indian shares rallied on Friday as U.S. Treasury yields eased from recent highs and oil prices remained depressed on concerns about oversupply stemming from a potential nuclear deal between the U.S. and Iran, and OPEC+ supply hike prospects.
Treasury yields eased from recent highs on improved readings concerning U.S. business activity, output expectations, weekly jobless claims and existing home sales.
Traders also welcomed comments from a Federal Reserve official that the U.S. central bank could cut interest rates in the second half of 2025 if the Trump administration's tariffs on U.S. trading partners settle around 10 percent.
The benchmark S&P BSE Sensex jumped 769.09 points, or 0.95 percent, to 81,721.08, with consum...