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On the Multi Commodity Exchange, copper contracts for delivery in September traded higher by Rs 4.25, or 0.59 per cent, to Rs 723.25 per kg in a business turnover of 4,190 lots.

“There was enough talk from the competition that Raymond has never done real estate before and they cannot deliver. I put out a few Instagram posts silencing my critics.”

Equity investors grew richer by Rs 3.58 lakh crore as the total market cap of BSE-listed companies climbed to Rs 247.32 lakh crore.

The stock quoted a 52-week high of Rs 600.9 and a 52-week low of Rs 215.6.

Shares of Fortescue Metals Group were among the biggest gainers on the benchmark, ending nearly 7% higher, after the mining heavyweight reported its highest-ever annual profit and dividend.

The blue-chip CSI300 index fell 0.3% to 4,813.27, while the Shanghai Composite Index edged up 0.2% to 3528.15.

The Europe-wide STOXX 600 traded flat but was on course to end August with a more than 2% rise - its seventh straight month of gains in what would be its longest such winning run in over eight years.

"The question is whether earnings numbers can surprise on the upside. It does not look likely. We are already building a 31% net profit growth of Nifty 50 on some of the stocks we bought earlier. This market could just remain range bound and as we roll forward over the next year and start discounting forward earning numbers, the market will probably go up. As of now, short-term increases in earnings numbers have rolled out but as you roll forward, in the future, higher earnings numbers could probably drive the markets. "

A total of 99,819 shares changed hands on the counter till 02:11PM (IST).

The brokerage firm said that Zomato’s robust growth compared to peers, a consolidated market structure and steady-state margins that match global peers are the main drivers behind the stock’s premium valuations.