Indian equity benchmarks closed higher on Wednesday, led by financial and banking stocks, while State Bank of India surged to an all-time high after the country’s largest lender by assets reported a record quarterly profit.

Dear Trader… Indian equity benchmarks closed higher on Wednesday, led by financial and banking stocks, while State Bank of India surged to an all-time high after the country’s largest lender by assets reported a record quarterly profit. Sentiment improved because the virus seems to be under control in most states.