Indian equity benchmarks closed more than 1% lower on Wednesday, with bond yields at their weakest in over three weeks, as global stocks and oil prices declined amid mounting recession fears.

Dear Trader… Domestic equities fizzled out and traded in negative territory impacted by weak global cues, continued FIIs selling and depreciation in rupee. Nifty opened lower and remained under pressure through the day to finally end with a loss of 225 points (-1.4%) at 15,413 levels. Broader markets mirrored the