Mumbai, June 5 -- The domestic equity indices closed with strong gains today, extending their rally for a second straight session. The uptrend was driven by positive global cues and the return of foreign fund inflows after recent outflows. Traders also positioned themselves ahead of the RBI's monetary policy decision due on Friday (6 June). Volatility remained high due to the weekly expiry of the Nifty F&O series. The Nifty ended near the 24,750 level, led by strength in pharma and healthcare stocks.

The S&P BSE Sensex advanced 443.79 points or 0.55% to 81,442.04. The Nifty 50 index jumped 130.70 points or 0.53% to 24,750.90. In the two straight sessions, the Sensex and Nifty jumped 0.87% and 0.85%, respectively.

Trent (up 2.97%), ICICI...