Indian equity benchmarks closed at their highest level in nearly three months on Monday as automakers advanced and UltraTech Cement jumped on strong earnings, but losses in HCL Technologies due to weak margins put a lid on the gains.

Dear Trader… Indian equity benchmarks ended marginally higher on Monday amid choppy trade and tracking global markets. The key indices made cautious start, as traders got anxious with the former World Bank Chief Economist Kaushik Basu’s statement that India’s overall macroeconomic situation is in a recovery mode but the growth