Sensex hits ninth straight life-high; IDFC surges
BSE is up by 0.31 % and Nifty rises by 0.36 %
Mumbai: BSE Sensex was down by 0.23 per cent, while the broader Nifty lost 0.28 per cent, after earlier hitting a ninth consecutive record high. Shares in IDFC Ltd surged as much as 8.8 percent, after India's central bank on Wednesday granted preliminary licence to the infrastructure sector lender to set up a new bank.
BSE rose as much as 0.31 per cent to a record 22,620.65, while the Nifty rose as much as 0.36 percent to a life-high of 6.776.75 points, crossing Wednesday's highest 6.763.50. Applicants who failed to win a licence at this stage slumped: LIC Housing Finance Ltd fell 6.8 percent, while L&T Finance Holdings Ltd lost 9.4 per cent.
Investors also booked profits in some blue chips, with Mahindra & Mahindra Ltd down 1.1 percent. Overseas investors bought Indian shares worth 5.95 billion rupees on Wednesday, provisional exchange data show.