Sensex rebounds tracking Asia; banks rally

Indian shares rebounded on Thursday, mirroring gains in Asia and on Wall Street overnight, with banks rallying on hopes their coffers would swell as a government plan to withdraw larger bank notes sparks increased deposits. The broader NSE index was up 1.83 percent at 8,586.25 by 0615 GMT, after losing 6.34 percent on Wednesday. State Bank of India surged as much as 8.75 percent.