Sensex, Nifty rise for second day; auto and IT stocks take charge

Of the Sensex constituents, 20 shares ended with gains

Equity gauges Sensex and Nifty notched up gains for the second straight session on Thursday, boosted by hectic buying in auto, financial, and IT counters, amid strong global cues.
 
Participants cheered the US government’s decision to back waiver of intellectual property rights for Covid-19 vaccines, which could speed up the vaccination drive in India and other emerging economies, said traders.
 
The Sensex closed higher by 272.21 points or 0.56 per cent, at 48,949.76. In a volatile trade, the 30-share index oscillated between a high of 49,011.31 and a low of 48,614.11 during the day.
 
Similarly, the broader