Sensex, Nifty extend gains for 2nd day: IT stocks lead rally, broader market underperforms

Sensex and Nifty extended their gains for a second consecutive session on Friday, rising 308.5 points and 116.3 points, respectively. IT stocks led the advance, while midcaps and banking stocks underperformed. Navin Fluorine, Laurus Labs and Borosil rallied on Q2 results, while Suzlon Energy slumped nearly 8% after a guidance cut.