Nifty breaches 9000-mark for 1st time,ends at new closing peak

The benchmark Nifty breached the key 9,000-milestone for the first time in its history helped by heavy buying in key blue chips in energy, IT, pharma, infra and financial counters before ending the record closing level of 8,996.25 at the National Stock Exchange (NSE) today.
Despite volatility, the market undercurrent steered by post-Union-budget proposals helped the index rise.
It got further boosted following stock specific buy-outs when energy heavyweight Reliance rallied over 4 per cent on expectations of high earnings fourth quarter. IT major TCS gained 3.99 per cent.
However, shares of Coal India Ltd witnessed profit- booking dropping 3.83 per cent as the stock went ex-dividend today.

The broader 50-share resumed higher at 8,962.85 and witnessed a fag-end surge of 9,008.4 also a low of 8,925.55 before finish new record closing of 8,996.25, showing a gain of 39.50 points, or 0.44 per cent, over its previous close.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 424.79 crore, as per provisional data of stock exchanges.

Other major gainers from the Nifty pack were Bank of Baroda 2.63 per cent, Jindal Steel 2.49 per cent, PNB 2.11 per cent, Cipla 2.52 per cent, HDFC 2.22 per cent, Sun Pharma 1.93 per cent and Sesa Sterlite 1.90 per cent.

Notable losers include, M&M 3.64 per cent, Axis Bank 2.49 per cent, DLF 2.10 per cent and Tata Motors 1.86 per cent.
Turnover in the cash segment fell to Rs 21,328.20 crore as compared to Rs 23,941.82 crore yesterday. A total of 10,320.20 lakh shares changed hands in 87,02,026 trades. The market capitalisation at NSE stood at Rs 103,75,663 crore.