India In-Focus — Shares rise; Wheat prices hit record high; Google Maps launches India Street View

RIYADH: Indian shares rebounded on Wednesday after a shaky start to the week, closing 1 percent higher, as Bajaj Finance and engineering major Larsen & Toubro advanced on better-than-expected earnings, offsetting investor worries ahead of the Federal Reserve’s policy decision.

The NSE Nifty 50 index closed 0.96 percent higher at 16,641.8, while the S&P BSE Sensex rose 0.99 percent to 55,816.32. The indexes have risen over 5 percent each so far this month as crude prices dropped, easing inflation fears.