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The NSE Nifty index closed 225.85 points up at 16931.05

In the international market, gold was trading lower at $1,814 per ounce and silver was flat at $23.99 per ounce.

The development comes amid reports that Sebi has constituted an expert panel to look into moving the settlement cycle in the securities market from T+2 to T+1 to enhance market liquidity.

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.