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Nifty edges higher, nears record high


By Vishal SridharREUTERS - The Nifty rose on Wednesday, inching up close to a record high, as investors bought shares in under-performing sectors such as drug makers and state-run lenders, while sentiment was also supported on easing North Korea tensions.The NSE index was on track for its fifth consecutive daily increase, and was steadily recovering from an about 1.6 percent fall in August.The gains would likely be extended in the near term, analysts said, although advances would be tempered by caution over global risk factors and the domestic economy.Data late on Tuesday showed India's ...

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First Published: Wed, September 13 2017. 12:33 IST