Sensex climbs 400 points, Nifty extends rally for second day

Indian benchmark indices extended their winning streak on Friday, with the Sensex rising 400 points and the Nifty posting gains for a second consecutive session.

IT stocks led the rally, supported by strength in auto, metal, and PSU banking sectors. The recovery in these key segments provided broad-based support to the market.

Global factors also aided sentiment. US bond yields declined, making Indian equities more attractive to foreign investors. Additionally, easing oil prices—despite geopolitical tensions—raised hopes for lower global freight rates, benefiting logistics and export-linked sectors.