Domestic institutional investors (DIIs) were also net buyers, picking up shares worth ₹2,546.27 crore.
Markets update
The Indian stock market ended higher on Thursday, marking a sixth straight session of gains, with Reliance Industries supporting benchmarks even as mid- and small-cap stocks came under pressure.The NSE Nifty 50 rose 33 points, or 0.13%, to 25,084, while the BSE Sensex gained 143 points, or 0.17%, to 82,001. The Nifty Bank index was nearly flat, up 57 points at 55,755, as financial stocks underperformed.
Reliance Industries rose 1%, helping steady the broader index. However, midcaps lagged, with the BSE Midcap index slipping 222 points to 57,709. Market breadth was neutral, with the advance-decline ratio at about 1:1.
“Indian equities ended mixed, as investors turned to profit booking after a recent rally and concerns over premium valuations due to subdued Q1 earnings,” said Vinod Nair, head of research at Geojit Financial Services. He added that India’s record-high composite PMI for August, reflecting strong expansion in manufacturing and services, could lend near-term support.
Nair also noted that investors remain cautious ahead of the US Federal Reserve’s Jackson Hole symposium on Friday and rising domestic bond yields amid fiscal concerns tied to GST rationalisation.
