US markets rallied on Thursday as lower Treasury yields and oil prices supported sentiment, offering a positive cue for Indian investors ahead of Friday’s session. The gains came after the Federal Reserve’s first interest rate hike in three years.US jobless claims fell sharply last week to their lowest level since July, while pending sales of existing homes edged up in August. New US residential construction, however, declined unexpectedly, with housing starts falling 2.6% to an annualised rate of 1.28 million.Meanwhile, developments at Tata Sons could keep Tata group stocks in focus on Friday after the company’s board voted to reappoint N Chandrasekaran as executive chairman for another five years, while Tata Trusts later declared the vote void.
