Nifty hits 9,000 level for the first time

MUMBAI: The National Stock Exchange index Nifty breached the 9,000-level for the first time in pre-close session on Tuesday on sustained inflow of foreign capital amid growth-oriented and market-friendly measures in the Budget.

The 50-issue Nifty crossed the 9,000-level for the first time by gaining 47.20 points, or 0.52 per cent, to trade at an all-time high of 9,003.95, surpassing its previous intra-day high of 8,996.60 reached on January 30.

Meanwhile, the benchmark BSE sensex too climbed 177.72 points, or 0.60 per cent, to trade at over one-month high of 29,636.86.

Reliance Industries led the rally as its scrip zoomed 4.60 per cent to Rs 903.40 on the back of reports that LIC has raised its stake in the company by 2.09 per cent.

Among others, TCS, Cipla, Sun Pharma, HDFC Ltd, Sesa Sterlite, Wipro and Hindalco also supported the upsurge.

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