Indian Equities Rally Led by Auto, Banking and IT; Nifty Climbs 1.11%
Indian stock indices closed higher, with the Nifty 50 rising 1.11% and the BSE Sensex 30 up 1.26%. Gains were concentrated in Auto, Banking and IT names, with UltraTech Cement, Grasim Industries and Mahindra & Mahindra among the top advancers. Market breadth remained negative and Wipro hit a 52-week low. Volatility eased marginally as the India VIX…