Following positive cues from the Asian markets, Indian equity benchmark indices tended to shake off fears of a contagion in global banking and closed high in a volatile market on Monday.

Dear Trader… Indian equities benchmarks remained lacklustre ahead of RBI policy meeting outcome. Nifty opened higher but immediately gave up its initial gains to trade flat for most part of the session. It however, recovered in the last hour to finally close 31 points higher at 17474 levels. Upstream oil