Large block likely in Mankind Pharma, HNIs buy Vedanta: Dealing room check

Indian equities saw a relief rally on Thursday with the Nifty 50 ending with gains of over 0.7%. However, the index continued to face resistance around the 19,150 mark.

Dealers said that there is a lack of follow-up institutional activity and that the flows were mixed in today's trading session.

However, financials saw a short-covering rally on Thursday with PSU stocks being well bid for, according to dealers.

Broader markets continued to outperform with the Nifty Midcap index ending 1.4% higher.

Vedanta: The stock ended 2.9% higher on Thursday, extending its gains for the fifth day in a row. Dealers said that High Net Worth (HNIs) are buyers in the stock recently and that the street is anticipating a corporate development to take place in the stock soon.

Dreamfolks: Shares extended gains for the second day in a row, ending nearly 3% higher. The stock has gained over 8% in the last two trading sessions. Dealers said that a leading domestic mutual fund is a buyer in the stock.

Ramkrishna Forgings: Shares of the auto components manufacturer also gained for the fifth day in a row and have gained in six out of the last seven trading sessions. Dealers believe that the company is likely to make a fund raising announcement via a QIP soon.