Indian equity benchmarks settled higher on Wednesday after the Reserve Bank of India delivered an expected 25 basis points rate hike, while Adani Group shares recouped losses for a second straight day.

Dear Trader… This morning the global set up was slightly pleasant, and in line with this, our markets started the session on a positive note. The strength continued ahead of the RBI’s monetary policy, and since the outcome was very much in line with consensus (rate hike by 25 bps),