Stock markets bounce back on fag-end aided by buying in index majors

Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.

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