Indian stock market, Dec. 14 -- Indian equity benchmarks Sensex and Nifty 50 closed higher for the second straight session on Friday, December 12, buoyed by positive global sentiment following the US Federal Reserve's rate cut. The Sensex advanced 450 points, or 0.53%, to settle at 85,267.66, while the Nifty 50 climbed 148 points, or 0.57%, to 26,046.95. Broader markets also performed well, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively.

As a result, the total market capitalisation of BSE-listed companies increased to over Rs.470 lakh crore from Rs.466.6 lakh crore in the previous session, adding more than Rs.3 lakh crore to investor wealth in a single day.

Sumeet Bagadia, Executive Director at Choice Brok...