| May 5, 2022 | IANS - Mumbai |
Indian shares rebounded on Thursday, tracking Asian peers that rose as the Federal Reserve's less hawkish tone lifted investor sentiment.
The benchmark indexes closed over 2% lower on Wednesday, having posted their biggest intraday percentage loss since March 7 earlier in the session, after India's central bank hiked benchmark rate in a surprise move.
In the broader Asian market, shares tracked Wall Street gains after the U.S. central bank raised interest rates by 50 basis points but sounded a less hawkish tone than some had feared.
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