Nifty edges higher; blue chips mixed

MUMBAI (Reuters) - The Nifty edged higher, posting a fifth consecutive session of gains, as continued foreign investor buying lifted some recently under-performing blue chips such as State Bank of India, though others were hit by profit-taking.

State Bank of India rose 3.3 percent, while Tata Motors provisionally fell 2.4 percent as a near-10 percent rise on Tuesday was seen as overdone.

The broader Nifty provisionally gained 0.28 percent, posting its strongest close since July 24, although the Sensex fell 0.2 percent.

(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)