New Delhi, Dec. 19 -- Bulls fully took charge of the Indian stock market in Friday's session, December 19, as risk-on sentiment improved globally following lower-than-expected US November inflation data. The data reinforced expectations of further interest-rate cuts by the US Federal Reserve, while chipmaker Micron's blowout forecast eased some worries about tech sector valuations.

The Nifty 50 rallied 0.56% to settle at 25,961, just shy of the psychological 26,000 mark, while the S&P BSE Sensex advanced 0.52% to 84,922. The broader market also closed with sharp gains, as both the Nifty Midcap 100 and Nifty Smallcap 100 strengthened 1.2% and 1.34%, respectively.

All major sectors advanced, led by Nifty Realty, which surged 1.9%, followe...