Markets rises for 2nd day in row as Sensex rises 329 points on rally in pharma, banking stocks

Rising for the second consecutive day, benchmark Sensex rose by nearly 329 points on Friday following strong gains in pharmaceutical and banking shares and foreign fund inflows.

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The 30-share BSE Sensex jumped 328.72 points or 0.40 per cent to close at 82,500.82 with 22 of its constituents closing higher and eight with losses. In day trade, the index jumped by 482.01 points or 0.58 per cent to hit an intraday high of 82,654.11.

The 50-share NSE Nifty advanced by 103.55 points or 0.41 per cent to settle at 25,285.35. In the intraday session, it rose 148.95 points or 0.59 per cent to hit a high of 25,330.75.