The market rebounded with marginal gains after falling in previous two sessions. The Sensex rose 38.63 points to 28748.50 and the Nifty climbed 13.95 points to 8726. About 544 shares have advanced, 158 shares declined, and 99 shares are unchanged on the Bombay Stock Exchange. Tata Motors, Larsen & Toubro, Sun Pharma, SBI, ITC, Reliance Industries, Axis Bank, Infosys, ONGC and Cipla gained 0.3-0.9 percent while TCS, M&M, Maruti Suzuki, Hero Motocorp, Coal India, NTPC and BHEL fell 0.5-0.9 percent.

Reports On Indian ADRs
• Indian ADRs ended lower on Tuesday.
• In the IT space, Infosys was down 0.4 percent at USD 34.69.
• Wipro shed 1.12 percent at USD 13.25.
• In the banking space, ICICI Bank declined 1.36 percent at USD 10.91.
• HDFC Bank fell 0.43 percent at USD 60.38.
• In the other sectors, Tata Motors slipped 1.2 percent at USD 46.93.
• Dr Reddy’s Laboratories shed 1.25 percent at USD 54.46.

Indian Market Highlights
Asian stocks fell to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, while such a prospect helped send the dollar to a 12-year high against the euro.

The euro fell to a fresh 12-year low early on Wednesday,extending a broad decline just days after the European Central Bank kicked off its 1 trillion euro bond-buying program.

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