Nifty hits fresh all-time high of 9,000

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Nifty-hit-life-highsThe benchmark Sensex on Tuesday rose for the fourth straight session and the Nifty index hit new peak of 9,000.50 as investors’ cheered growth-oriented proposals in the Union Budget.

Foreign investors poured funds on the back of positive economic momentum and the improvement in global macro outlook, said analysts. Investors focused on Budget measures for infrastructure sector, deferral of GAAR and roadmap for lower corporate taxes, they added.

The BSE Sensex resumed at 29,500.19 and fluctuated between a high of 29,616.10 and a low of 29,364.87 before last trading at 29,602.11 — a smart rise of 142.97 points or 0.49 per cent, over its previous close.

Sentiments were upbeat in response to announcement made by the Finance Minister in his Union Budget speech and it was reflecting in stocks.