Indian Funds Cushion Market With Heaviest Buying Since April

India's domestic institutions made their largest purchase of local stocks in four months on Thursday, providing a cushion to markets reeling from President Donald Trump's escalation of tariffs.

Local funds bought a net 108.6 billion rupees ($1.2 billion) of shares, offsetting foreign outflows and helping the benchmark NSE Nifty 50 Index close slightly higher Bloomberg Terminal . Large sell downs in Kotak Mahindra Bank Ltd. and Eternal Ltd. also spurred domestic mutual funds and insurers to step in as key buyers in the two block deals.