New Delhi, Aug. 15 -- After six weeks of bear dominance, bulls finally regained control of the Indian stock market last week, with front-line indices closing in positive territory and bringing relief from the sustained selling pressure. Both benchmark indices ended the week over 1% higher, while the broader markets also advanced, with the Nifty Midcap 100 and Nifty Smallcap 100 rising more than 0.70% each.

Despite overseas investors continuing to wield their selling weapon aggressively, withdrawing over Rs.10,170 crore over the last four trading sessions, there was strong support from domestic institutional investors (DIIs), largely driven by mutual funds, which have continued to absorb the heavy FPI selling.

Exchange data shows that DI...