Sensex gains for 2nd day, surges 632 pts; Nifty tops 16,350; IT, banking stocks lead gainers

Equity markets extended their rally on Friday, with the Sensex and Nifty jumping over 1 per cent each, in tandem with a positive trend in global equities. Buying in Infosys and banking counters helped markets maintain their winning run. The 30-share BSE Sensex rallied 632.13 points or 1.17 per cent to settle at 54,884.66. During the day, the benchmark zoomed 684.1 points or 1.26 per cent to 54,936.63. The broader NSE Nifty jumped 182.30 points or 1.13 per cent to end at 16,352.45.

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