Mumbai, July 10 -- Stock market benchmark indices Sensex and Nifty ended 1 per cent higher on Friday, extending gains for the second day, aided by a rally in heavyweights Reliance Industries Ltd (RIL), ICICI Bank and HDFC Bank, and positive global cues.

Easing crude oil prices and buying in IT stocks after TCS reported an increase in its June-quarter net profit and guided towards an improvement in demand returning in the ongoing quarter also propelled the rally in the domestic market.

The 30-share BSE Sensex jumped 827.57 points, or 1.08 per cent, to settle at 77,569.39. During the day, it soared 900.41 points, or 1.17 per cent, to 77,642.23.

The 50-share NSE Nifty surged 244.10 points, or 1.02 per cent, to end at 24,206.90.

From the Sensex pack, Reliance Industries, Tech Mahindra, Bharat Electronics, Axis Bank, Tata Steel and Infosys were among the major winners.

TCS ended 1 per cent higher after the country's largest IT services company on Thursday reported a 4.61 per cent increase in its Q1FY27 net profit to Rs 13,349 crore, and guided towards an improvement in demand impacted by the West Asia crisis, returning in the ongoing quarter.

The laggards from the blue-chip pack were Eternal, Bharti Airtel, Sun Pharma and Trent.

Brent crude, the global oil benchmark, dipped 0.30 per cent to $76.07 per barrel.

The BSE MidCap Select index jumped 1.74 per cent and the SmallCap Select index climbed 1.03 per cent.

All sectors ended in positive territory. Realty surged 3.40 per cent, PSU Bank 3.26 per cent, MidSmall Private Banks Quality Tilt 2.56 per cent, Focused IT 2.29 per cent, Information Technology 2.01 per cent, Metal 1.55 per cent and Services 1.50 per cent.

A total of 2,883 stocks advanced, while 1,377 declined and 174 remained unchanged on the BSE.

On the weekly front, the BSE benchmark declined 194.52 points, or 0.25 per cent, and the Nifty dipped 63.95 points, or 0.26 per cent.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 532.86 crore on Thursday, according to exchange data.

On Thursday, the Sensex climbed 238.22 points, or 0.31 per cent, to settle at 76,741.82. The Nifty went up by 80.75 points, or 0.34 per cent, to end at 23,962.80.

Published by HT Digital Content Services with permission from Millennium Post.