The Indian benchmark indices closed higher on Wednesday as the Sensex declined over 25 points to close at 83,713.53 and the Nifty inched up 15 points to end trade above 25,700.

Previously, during the morning session, the BSE Sensex started today's trade just under 83,400, crashing more than 350 points, while the NSE Nifty50 began the morning a little below 25,640, taking a beating of slightly over 130 points, around 9:15 AM.