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Financials nudge Indian shares towards record highs



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** India's NSE Nifty 50 .NSEI and S&P BSE Sensex .BSESN rise ~0.2% each, benchmarks less than 0.3% shy off record high hit on Aug.1

** High-weightage financials .NIFTYFIN gain 0.7%, leading sectoral gains

** Financials getting investor interest due to attractive valuations, say analysts

** "Liquidity surplus, especially from domestic investors, is powering sustained rise in markets, but high valuations and geopolitical concerns are limiting upside - Anita Gandhi, founder and head of institution, Arihant Capital Markets

** Domestic investors net buyers of Indian shares in 16 of last 17 sessions - NSE data

** Small- .NIFSMCP100, mid-caps .NIFMDCP100 up ~0.9% and 0.4%, respectively

** Power utilities co CESC CESC.NS jumps 9% as Investec identifies firm among top picks in sector, citing healthy demand, growth prospects

** JSW Infrastructure JSWN.NS gains 5% after Jefferies starts coverage with "buy"




Reporting by Bharath Rajeswaran in Bengaluru

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