New Delhi, June 4 -- Indian equity benchmarks recovered from their day's lows on Wednesday, 3 June, after reports suggested the government may consider measures to support the rupee, encourage foreign investment into the bond market and review the long-term capital gains (LTCG) tax framework.

Despite the recovery, markets ended lower as rising crude oil prices and profit-booking in information technology stocks weighed on sentiment. The Nifty 50 closed 0.33% lower at 23,405.60, while the BSE Sensex declined 0.41% to 74,346.17. Both indices had fallen nearly 1.5% during intraday trade before trimming losses.

IT stocks came under pressure after a recent rally, while concerns over elevated oil prices continued to dampen risk appetite. Bren...