Indian equities Benchmark rebounded in the final two hours of trade on Wednesday, led by a jump in public sector enterprises on the back of comfortable valuations while a drop in IT stocks after hot U.S. inflation data capped the gains.

Dear Trader… Markets showed tremendous resilience amid weak global cues and gained nearly half a percent.  On the benchmark front, Nifty opened gap-down tracking the weak US markets however strong recovery in the select heavyweights not only pared losses but also helped the index to close around the day’s high.