New Delhi, Dec. 14 -- Indian indices - Sensex and Nifty 50 - extended gains for a second straight session on Friday, December 12, led by positive global sentiment following a rate cut by the US Federal Reserve. The Sensex climbed 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 advanced 148 points, or 0.57%, to settle at 26,046.95. Broader markets outperformed, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively.

Meanwhile, 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 trading session.

"Markets remained volatile and ended the week in negat...