Mumbai, The BSE Sensex advanced for second consecutive day on Friday by 160.10 points to end volatile session on a firm note at 38,767.11 on persistent buying in FMCG, Utilities, Energy,

Bankex and Oil & Gas stocks despite weaker cues from European peers.

The Nifty of National Stock Exchange (NSE) too increased by 46.75 points to 11,643.45.The Sensex edged higher by 85 points to 38,692.06 in the morning and then swung wildly between the day’s high of 38,818.87 and low of 38,554.79 before closing at 38,767.11, up by 160.10 points as compared to its last close.

The gains in sectoral indices like FMCG, Utilities, Auto, Power and Bankex supported the market sentiment for another day today, along with scrips of ITC, Maruti Suzuki, Axis Bank, HeroMoto Corp and VEDL.

However, selling in Telecom and Capital Goods restricted its further gains, brokers informed. Similarly, scrips of Bharti Airtel, Bajaj Finance, L&T and Tata Motors fell.

The broader markets outperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap rose by 0.32 per cent and 0.37 pc, respectively.The market breadth was positive on BSE, as 1,383 shares advanced against 1,155 declined and 165 were unchanged.

Elsewhere across the globe, most European shares declined as investors continued to remain wary over global growth.

European Union leaders agreed to postpone Brexit until October 31 to allow British Prime Minister Theresa May more time to try to get the UK’s Parliament to approve the country’s divorce deal.