Sensex provisionally closes at record high

Last Updated: Thu, Jan 23, 2014 10:51 hrs

India's benchmark BSE index hit a second consecutive record closing high on Thursday after Larsen & Toubro surged as its quarterly profit margins beat expectations, although falls in rate-sensitive auto makers prevented broader gains.

Larsen & Toubro Ltd rose 2.7 percent after the company's third-quarter margins beat estimates, although Mahindra & Mahindra Ltd fell 2.9 percent on lingering concerns about higher interest rates after the central bank on Tuesday recommended making taming high consumer inflation a priority.

The benchmark BSE index provisionally closed higher 0.21 percent at 21,383.01, a record closing high.

The broader NSE index provisionally closed up 0.14 percent at 6,345.75, just short of its record high of 6,363.90 hit on Dec 9, 2013.

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