Indian equity benchmarks closed higher on Wednesday for a second straight session, with auto and metal stocks leading gains, as investors used dips to buy after a broad-based selloff early in the week.

Dear Trader… Extending previous session’s jubilation, Indian equity benchmarks ended the Wednesday’s trade with a gain of over a percent with frontline gauges recapturing their crucial 56,900 (Sensex) and 16,950 (Nifty) levels amid a positive rebound in the global market. Markets started the session on an optimistic note as traders