MUMBAI (Reuters) - The BSE Sensex 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 Sensex provisionally closed higher 0.21 percent at 21,383.01, a record closing high.
The broader Nifty 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.
(Reporting by Indulal PM; Editing by Subhranshu Sahu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app