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The Nifty Realty index closed 0.47 per cent up at 1043.45.

The Indian rupee weakened moderately on Thursday and ended at 83.952 versus the US dollar due to dollar demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee.

At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.

Traders pointed to intermittent dollar sales from state-run banks that helped keep the rupee above its all-time low of 83.9725 hit earlier in the month.

Sensex and Nifty opened higher due to anticipated Federal Reserve rate cuts but later fell from their highs. The Sensex rose 0.18% to 81,053, and Nifty gained 0.17% to 24,811.50.

Gaurav Kochar, Fund Manager at Mirae Asset, notes that current market valuations for large-caps and mid-caps are higher than historical averages but are supported by strong earnings growth forecasts. He expressed a positive outlook on financials, consumer discretionary, building materials, and pharma, while being cautious on auto, industrials, and IT sectors.

​But if we look at the way crude prices are behaving, if we look at the way demand estimates continue to see a little bit of softness, there is a wide variance one has to say between the different organisations tracking it, OPEC is probably still closer to about 2 million barrels a day of demand for the next 12 months, whereas IEA is as low as 0.7-0.8 million barrels.

We targeted companies that reported at least a 15% year-over-year growth in both sales and profit for the June quarter, had a current market capitalization exceeding Rs 1,500 crore, and excluded those with the latest quarterly sales below Rs 100 crore.

A total of 2,805 shares changed hands on the counter till 02:10PM (IST)