Indian equity benchmarks closed flat on Wednesday as the embattled telecom sector gave up gains after the government did not consider relief measures, while firmer financials offset weakness in IT stocks.

Dear Trader… Indian equity benchmarks danced between gains and losses for most of the day and ended flat with a negative bias for second straight session on Wednesday on the back of weak cues from global equities. After making cautious start, markets dived deep into the red during the afternoon