Indian equity benchmarks closed lower on Wednesday, dragged by sharp losses in tech stocks on rating downgrades and U.S. interest rate hike worries, although stronger bank stocks arrested the decline.

Dear Trader… Indian markets displayed strong resilience in the face of negative global cues. While markets opened 1.6% lower, it showed steady recovery throughout the day to wipe out the entire opening loss and managed to close near day’s high with marginal loss of 0.4%. Nifty reclaimed its 18000 level