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  Rashtriya Sahara Roznama Sahara
Stock Market: Indices trade higher, Nifty around 16,900; Hero MotoCorp, Tata Steel top gainers
Last Updated : 05 May 2022 11:35:45 AM IST


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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