Indian equity benchmarks closed in the red on Wednesday, dragged down by banks as investors turned cautious after a massive rally in the previous session while keeping an eye on Russian-Ukrainian tensions.

Dear Trader… India’s equity benchmarks oscillated between gains and losses throughout the session and ended slightly lower on Wednesday as investors watched the situation between Russia and Ukraine. Key indicators got off to a positive start as traders took some support with the SBI research report indicating that India can add $20 billion to its gross domestic product (GDP) if the country can cut 50 % its dependence on imports from China in