Indices extend gains for 2nd straight day; Sensex rises 874 points

Sensex, Nifty rise 2.6% in 2 days, erasing half the losses made in last 5 sessions

The benchmark indices on Thursday climbed 1.5 per cent as Reliance Industries (RIL) extended its winning run. Positive global cues and a renewed interest in IT and financial stocks also helped maintain momentum.

The Sensex ended the session at 57,911, a gain of 874 points or 1.5 per cent. The Nifty, on the other hand, ended the day at 17,392, a gain of 256 points or 1.5 per cent. In the last two sessions, the benchmark indices have gained 2.6 per cent — erasing over half the losses made in the preceding five sessions.

Shares of RIL rose 2.4 per cent to