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

Nifty gains were led by Reliance Industries after CLSA said the conglomerate could report a record profit for the fourth quarter.

The 50-share index rose as much as 0.58 pct to 9,008.40, surpassing its previous record of 8,996.60 hit on Jan. 30.

Hopes India’s weightage in MSCI indexes would increase due to the government’s proposal to merge foreign direct investment and foreign portfolio investment limits, also underpinned sentiment.

The benchmark BSE Sensex index ended 0.46 percent higher, still 0.85 percent away from its all-time high of 29,844.16 hit on Jan. 30.

The NSE index ended 0.44 percent higher after breaching the psychologically important 9,000 level for the first time.

Reliance Industries gained 4.2 percent, marking its biggest daily gain since March 7, 2014.

Exporters also rose, led by a 1.9 percent gain in Sun Pharmaceutical Industries after it agreed to buy GlaxoSmithKline’s opiates business in Australia to strengthen its pain management portfolio.

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