Stock market today: Sensex, Nifty 50 close higher for second straight session; IT stocks shine

Stock market today: Key equity indices the Sensex and the Nifty 50 ended with gains for the second consecutive session on Friday, January 5, on gains led by IT heavyweights, including TCS and Infosys, even as weak global cues and the dollar's sharp gain against its major peers capped the rise of the domestic market.

According to a Reuters report, the dollar was poised for its strongest weekly advance since mid May as expectations for aggressive rate cuts by the Federal Reserve cooled off. Sensex closed the day 179 points, or 0.25 per cent, higher at 72,026.15 while the Nifty 50 settled at 21,710.80, up 52 points, or 0.24 per cent.

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