Indian Shares Rebound; Maruti Suzuki India Shares Rally 5%

Indian shares opened higher on Wednesday, rebounding from losses seen in the previous session after reports suggested that Iran is preparing a phased proposal as part of efforts to revive stalled negotiations.

The revised proposal in expected to cover all key issues, with reopening the Strait of Hormuz and the unfreezing of Iranian assets likely to be in focus in the initial phase.