Indian equity benchmarks slid 1% and the Nifty 50 logged its worst session since July, dragged by a sharp dip in metals on concerns of default by Chinese property behemoths, while investors awaited further cues on monetary policy by U.S. Federal Reserve.

Dear Trader… Indian equity benchmarks made a smart intra-day recovery after opening with losses but failed to hold gains and closed deep in the red on Monday, following weak global sentiments. This was the second consecutive session in which the markets ended in the red. Key indices opened with a