Indian equity benchmarks fell more than 1% on Thursday, snapping three sessions of gains, as losses in financial and information technology stocks eclipsed gains in automakers.

Dear Trader… Indian equity benchmarks took a U-turn after three consecutive days of gains to end in the red on Thursday, amid profit-booking. Weak global cues also dampened the mood on Dalal Street. Indices opened on a tepid note and traded lower throughout the day, as domestic rating agency CRISIL