BENGALURU, Aug 23 (Reuters) - Indian shares rose on Monday, buoyed by technology stocks and a rebound in Asian markets, while Cadila Healthcare jumped nearly 8% after the drugmaker"s COVID-19 vaccine was approved for emergency use by the country. By 0353 GMT, the blue-chip NSE Nifty 50 index (.NSEI) was up 0.63% at 16,553.80, while the benchmark S&P BSE Sensex (.BSESN) rose 0.66% to 55,695.84. The indexes had lost 0.71% and 0.54% on Friday. The Nifty IT index (.NIFTYIT) jumped 1.40%, while pharma stocks (.NIPHARM) rose 1.2%, led by Cadila. India"s drug regulator on Friday granted emergency use approval for the company"s DNA COVID-19 vaccine — the world"s first such shot against the novel coronavirus — in adults and children above 12 years. Meanwhile, Asian shares bounced as a wave of bargain hunting swept beaten-down markets and China reported no new locally acquired COVID-19 cases for the first time since July. Reporting by Vishwadha Chander in Bengaluru; editing by Uttaresh.V Our Standards: The Thomson Reuters Trust Principles.