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Equity investors were richer by Rs 3.14 lakh crore, as their total wealth represented by BSE market capitalisation climbed to Rs 261.71 lakh crore.

“There is a benign global liquidity environment for the next six to nine months. In the short term, the market could continue to inch up. The local factors remain very positive. But one has to be careful in the medium term,” says Kotak Securities’s Pratik Gupta.

The stock traded at a P/E multiple of 26.14, while the price-to-book value ratio stood at 2.17.

On the technical charts, the 200-day moving average of the stock stood at Rs 1960.85.

Gold futures are down 0.72 per cent at Rs 46,337 and silver futures are down to Rs 60,670, slipping 0.83 per cent on Thursday. But this may just be the beginning, say analysts, who project gold hitting as low as Rs 44,200 level soon.

In case of Reliance Industries, the median target of 31 analysts was at Rs 2,272.10, which suggests 8 per cent potential downside. This stock hit its 52-week high of Rs 2,496.95 today. RIL has risen 25 per cent year-to-date and 11.50 per cent in the last one year.

A collaborative effort of KFin Tech and CAMS in association with AMFI, MFCentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof.

The profit after tax has dropped by more than one-tenth in the last four years.

Hong Kong rose more than one percent, with Evergrande surging about 30 percent briefly before easing back slightly -- though its shares are still down more than 80 percent this year. There were also gains for other property developers as well as banks that have exposure to the firm.

The blue-chip FTSE 100 gained 0.3% with Glencore , Rio Tinto, BP and Royal Dutch Shell among the top boosts.