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India shares rebound as HDFC Bank rises to record

Easing concerns over Italian political stalemate boosts regional indexes

MUMBAI (NewsRise) -- Indian shares rebounded Thursday as HDFC Bank rose to a record and concerns over the Italian political front eased.

The BSE Sensex advanced 1.2% to 35,322.38 and the Nifty 50 Index climbed 1.2% to 10,736.15, ending a two-day losing run. Heavyweight HDFC Bank gained 4.4% to all-time highs, a day before foreign institutional investors are allowed to buy the stock. The permission for purchases by FIIs coincides with India's capital regulator discontinuing with the Foreign Institutional trading series. This FII Trading Window, as it was popularly known, allows foreign investors to buy and sell among themselves shares of companies whose foreign investment ceiling has been reached.

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