Indian shares rebound on easing oil and Fed fears
Indian shares advanced after their longest weekly losing streak in 25 years. Financials led the broad market gains supported by positive quarterly business updates.
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India's Nifty 50 rose 0.60% to 22,555.75 on Monday morning, snapping an eight-week losing streak. The broader rebound followed easing United States monetary tightening concerns and lower oil prices. The recovery offers relief to emerging-market assets after persistent foreign selling and elevated global bond yields weighed on local equities.
