Nifty closes above historic high of 9,500

Becomes the second-most expensive index globally

Indian equities are officially in a bull market now, with the benchmark Nifty gaining about 20 per cent since the post-demonetisation low. The Nifty crossed the psychological barrier of 9,500 points on Tuesday to close at 9,512, up 1,604 points or 20.28 per cent from the previous lows on December 26 last year.
 
According to experts, a 20 per cent rally from the previous low confirms the market is in a bull phase. Similarly, a 20 per cent correction from the peak is considered the beginning of a bear phase.
 
At the current closing, the market capitalisation of