Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,595.27 crore on Wednesday, while Domestic Institutional Investors (DIIs) were buyers as they bought equities worth Rs 2,236.21 crore, according to exchange data.
Global oil benchmark Brent crude dipped 0.25 per cent to USD 80.84 a barrel.
“Traders are likely to adopt a risk-on approach, driven by strong cues from Wall Street, the expectation of a rate cut by the Federal Reserve in September, and robust US retail sales figures, which have eased recession concerns,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The Indian stock markets were closed on Thursday on account of Independence Day.
The BSE benchmark climbed 149.85 points or 0.19 per cent to settle at 79,105.88 on Wednesday.
The NSE Nifty ended marginally up by 4.75 points or 0.02 per cent at 24,143.75.
