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"Retail investors are not making money because the mid and smallcaps are down. This phase of the rally is led by frontline stocks where the bulk of FII dollars is flowing in. That is why even though the indices are rallying, investor portfolios are down," equity strategist Kranthi Bathini of Wealth Mills Securities said.

ICICI Securities has buy call on Balkrishna Industries with a target price of Rs 2479. The current market price of Balkrishna Industries is Rs 1967.35.

"We have the euro zone inflation numbers next week, so I think they are going to be a big test of market pricing ... were we to get another upside surprise on that, then I think that would bring 75 bp back on the agenda,

A meeting of the board of directors of Indian Energy Exchange (IEX) is also scheduled to be held to consider a proposal for the buyback of fully paid-up equity shares of the company.

Stocks that were in focus include names like RVNL which was up over 5%, IRFC which closed with gains of nearly 6% and HDFC Life which rose more than 4% on Thursday.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 288363.90 Crore) operating in Construction sector.

Zomato’s quick-commerce business Blinkit also recorded a higher GMV than Swiggy’s Instamart over the same period, according to Jefferies.

ZestMoney has held talks with other potential buyers over the past two months as its cash runway shortened, people in the know said.

Nageswaran added that capacity utilisation has reached levels that would trigger the return of private capex. According to the CEA, private sector capex in the first half has crossed Rs 3 lakh crore and if the pace continues, India should be looking at capex investment of Rs 6 lakh crore this year.

Top bankers say that cash withdrawal from ATMs slowed down in major cities, as payments through UPI (united payments interface) have clearly taken over. However, ATMs are still very relevant for cash customers in India, especially in the tier-2 to tier-6 towns.