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India shares rebound as fall in US bond yields boosts risk asset demand

Infosys, Tata Consultancy advance as rupee at lowest in one-and-a-half years

MUMBAI (NewsRise) -- Indian shares rebounded from one-month lows on Thursday as decline in long-term U.S. bond yields after the Federal Reserve's meeting minutes boosted demand for risk assets.

The BSE Sensex advanced 0.9% to 34,663.11 and the Nifty 50 Index rose 0.8% to 10,513.85. Infosys and Tata Consultancy Services added 3.1% each, as the rupee hovered near its lowest level in one-and-a-half years against the U.S. dollar. Larsen & Toubro Infotech climbed 5.9% after a 14% rise in March quarter net profit. A BSE index of information technology companies closed 2.5% higher.

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