Nifty hits record closing high to end above 9,050 for first time ever

The broad market depicted strength. 1,686 shares rose and 1,135 shares fell

The benchmark Nifty50 index on Tuesday closed above its crucial 9050-mark for the first time ever as investors saw Prime Minister Narendra Modi's landslide victory in the Uttar Pradesh as an indication of him winning a second term in office in Lok Sabha elections 2019.

In intraday trade, the Nifty50 rose as much as 2% to hit its record high of 9,122 points surpassing its previous peak of 9,119 hit on March 4, 2015. The S&P BSE Sensex, meanwhile, gained 615 points to 29562 during the day, 463 points shy of its lifetime high of 30,025-mark. 

The 30-share Sensex settled