Zee Media Bureau
The 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 percent, over its previous close.
The 50-share Nifty also hit fresh all-time high of 9000.50 in afternoon trade after surpassing its previous record high of 8,996.60 hit on Jan 30.
Sentiments were upbeat in response to announcement made by the Finance Minister in his Union Budget speech and it was reflecting in stocks.
