Muhurat session: Indices touch new highs, banking, IT stocks rise (Roundup)

Mumbai, Nov 14 : The Indian equity markets ushered in Samvat 2077 with gains as signs of faster economic recovery along with healthy festive season demand and stimulus measures buoyed investors’ sentiments during the special “Muhurat” trading session on Saturday.
Healthy economic signs as well as foreign fund inflows lifted both the key domestic equity indices to new record highs during the intra-session trade.
Accordingly, the S&P BSE Sensex crossed the psychological 43,830.93-mark for the first time. Similarly, the Nifty50 on the National Stock Exchange crossed the 12,828.70-mark.
However, the two indices ceded some of their initial gains.
According to market observers, the special session to mark Samvat 2077 witnessed healthy buying in almost all the sectors with the rally being led by banking, auto, IT, realty and pharma stocks.
The Nifty50 on the National Stock Exchange (NSE) gained 50.65 points, or 0.4 per cent, to close at 12,770.60 points.