Indian shares retreat from record highs

MUMBAI, Jan 28 (Reuters): Indian shares hit a record high for a sixth consecutive session on Wednesday before succumbing to profit-taking as blue-chips, including lenders, rose on hopes the US Federal Reserve could take a dovish stance in its post-meeting statement later in the day.
NSE's volatility index, the Indian equivalent of the VIX fear gauge, surged 9.6 per cent ahead of Fed's policy statement at 1400 GMT.
The broader NSE index rose for a ninth consecutive session, matching its winning streak in March-April 2014. It closed 0.04 per cent higher at 8,914.30. Earlier in the day, it hit a record high of 8,985.05.
The BSE index closed lower 0.04 per cent at 29,559.18, after gaining as much as 0.73 per cent to a record high of 29,786.32.