Nifty 50, Oct. 30 -- Nifty 50 continued to surge for the second consecutive session on Friday, with IT, pharma and financial services stock taking the lead. The benchmark index was up nearly 112 points during Friday's intraday trading session, with Trent, IndiGo, HCL Tech, Infosys, Sun Pharma, Tech Mahindra, TCS emerging as top gainers.

While the 50-share benchmark has surged nearly 2.60% over the past five trading sessions and continued to hold on to its gains on Friday, the rally may not be translating into gains across investors' portfolios.

This is because the broader market remained under pressure, with declining stocks outnumbering advancing ones, indicating weak overall market breadth.

Nifty 50 was up 77.5 points at 23,014.50, w...