New Delhi, Dec. 12 -- Stock market benchmarks, the Sensex and Nifty 50, ended higher for the second consecutive session on Friday, December 12, tracking positive global cues after the US Fed cut rates. The Sensex rose 450 points, or 0.53%, to 85,267.66 while the Nifty 50 gained 148 points, or 0.57%, to 26,046.95. The BSE Midcap and Smallcap indices rose 1.14% and 0.65%, respectively.

The overall market capitalisation of BSE-listed firms rose to over Rs.470 lakh crore from Rs.466.6 lakh crore in the previous session, making investors richer by more than Rs.3 lakh crore in a single session.

Positive global cues appear to have influenced market sentiment back home, even as the rupee hit record lows and foreign investors continue to sell In...