Indian equity market rallied for the the fourth consecutive day on Budget optimism. Nifty hits the all time high by breaching the psychological level of 9,000 to 9,006. BSE’s 30 Shares Index Sensex ends the day at 29,593.73 surged by 134.59 points while Nifty ends at 8,996.25  up by 39.50 points.The Nifty has now gained around 300 points or over 3 per cent since Friday. The Sensex is up over 800 points in the last four sessions.

Today’s rally, however, was driven by Reliance Industries, one of the most influential stocks in the Nifty. RIL shares gained nearly 4.4 per cent after CLSA said the conglomerate could report a record profit for the fourth quarter.

Indian Rupee ends the day at 61.9150 down by 5 paisa against US Dollar.

Among the sectorial indices of NSE CNX Energy (1.72%), CNX IT (1.55%) and CNX PSU Bank (1.41%) were the top gainers while CNX Realty (-1.53%), CNX Auto (-1.02%) and CNX Metal (-0.61%) were the top losers.

Out of the 50 stocks of Nifty 29 stocks ended in positive terrain and 21 in negative terrain.

Top 5 Nifty Gainers: TCS (4.33%), Reliance (4.15%), BOB (3.34%), Jindal Steel (2.81%) and PNB  (2.65%)

Top 5 Nifty Losers: M&M (-3.74%), Axis Bank (-2.31%), Tata Motors (-2.05%), DLF (-1.97%) and Ambuja Cement (-1.91%)

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