Tracking gains in Asian peers, Indian equity indices closed higher in a rangebound trade on Monday, powered by sustained gains in auto stocks.

Dear Trader… Asian stocks followed Wall Street higher on Monday after strong US hiring data suggested a possible recession might be further away and that the US Fed would pause rate hikes this month. The 30-share BSE benchmark Sensex rose 240 points or 0.38% to settle at 62,787. The broader