Benchmark indices Sensex and Nifty extended gains for a second consecutive session on Friday. Continued strength in IT stocks, which rose for a fourth straight session, along with buying in auto, metal and PSU banking stocks, supported the rally.
On Friday, Sensex rose over 400 points, or 0.56%, to close at 74,730, while the Nifty gained nearly 150 points to end the session above the 23,100 level. From the day's low, the Sensex had recovered more than 700 points to reach 74,775, during the session. The rebound follows a 1,500-point rally on Wednesday.
