Sensex ends 227 pts higher; Nifty reclaims 12,200

Extending its gains for the second session, market benchmark Sensex rose 227 points on Friday, tracking rally in banking stocks amid recovery in global equities.

After opening on a weak note, the 30-share BSE index settled 226.79 points, or 0.55 per cent, higher at 41,613.19 -- hitting an intra-day high of 41,697.03 and a low of 41,275.60.

Likewise, the broader NSE Nifty closed 67.90 points, or 0.56 per cent, up at 12,248.25.

Ultratech Cement was the top gainer in the Sensex pack, advancing 2.44 per cent, followed by Tech Mahindra, Axis Bank, Titan, Kotak Bank, ICICI Bank and Bajaj Finance.

On the other hand, PowerGrid, IndusInd Bank, Sun Pharma, TCS, RIL and Infosys, Maruti and HDFC Bank ended in the red.