Tracking their global peers, Indian equity indices snapped a two-day fall and closed higher on Monday, powered by private lender HDFC Bank on easing concerns over deposit growth.

Dear Trader… Markets started the week on a volatile note and settled with modest gains.  After the initial uptick, Nifty inched gradually higher but profit-taking in the final hours trimmed the gains. Even as a drop in information technology (IT) stocks on US rate concerns capped gains, the 30-share BSE