Indian Shares Rebound After Two-day Slide; IT Stocks Lead Gainers

Indian shares rose sharply on Friday, rebounding after two consecutive sessions of losses as oil prices fell and global bond yields steadied, helping ease concerns around inflation and interest rates.

Markets found some relief from a pullback in French government bond yields, which had previously climbed to multi-decade highs due to budget concerns.

The U.S. dollar took a breather as U.S. Treasury yields finally halted their relentless upward trajectory. The 10-year Treasury yield dropped to 5.22 percent after a 30-year debt auction met with solid demand.