Representational Image
Representational Image

Faster economic recovery, along with healthy festive demand, buoyed investors' sentiments during initial phase of the special "Muhurat" trade session on Saturday. Market benchmark BSE Sensex rallied 381 points to a fresh lifetime high in the opening trade of the special Muhurat session on Saturday to mark the beginning of Hindu Samvat year 2077.

The 30-share index was trading higher by 380.76 points, or 0.88 per cent, at 43,823.76 in the first few minutes of trade.

Similarly, the broader NSE Nifty surged 117.85 points or 0.93 per cent to its new record of 12,808.65.

The special hour-long session held every year on Diwali day to mark the start of the Hindu New Year saw the key equity indices -- S&P BSE Sensex and NSE Nifty50 -- make considerable gains.

According to market observers, the special session to mark Samvat 2077 witnessed healthy buying in all most all sectors.

All BSE sectoral indices were in the green, led by telecom, capital goods, industrials and finance.

Brokers said buying activity gathered momentum as investors opened their books on the first session of Samvat 2077.

Major gainers in the Sensex pack were Bajaj Finserv, IndusInd Bank, Tata Steel, Bharti Airtel, L&T, Axis Bank and ITC, spurting up to 1.93 per cent.

However, NTPC, PowerGrid and Nestle India slipped up to 0.77 per cent.

Meanwhile, foreign institutional investors (FIIs) net bought shares worth Rs 1,935.92 crore on Friday, while domestic institutional investors sold to the tune of Rs 2,462.42 crore, as per provisional exchange data.

(With agency inputs)

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