Nifty ends above 9,000 after hitting record high; Sensex at two-year high

The Nifty closed above the key 9,000 level on Tuesday for the first time ever, having risen as much as 2.1 percent to a record high earlier, as Prime Minister Narendra Modi's resounding win in state elections was seen bolstering his economic reform agenda and the chances of a second term.

The Nifty ended 1.7 percent higher, after earlier hitting a peak of 9,122.75, surpassing its previous record set on March 4, 2015.

The benchmark Sensex also closed 1.7 percent up at 29,442.63, recording its highest close since March 5, 2015.