Mumbai: Extending gains for the second straight session, the BSE benchmark Sensex rose by over 52 points in early volatile trade on Friday largely on expectation of a rate cut next week amid a firming trend in global markets.

The 30-share barometer, which gained 133.22 points in the previous session, rose further by 52.45 points, or 0.30 percent, to trade at 17,385.07 after dipping to 17,192.55.

The wide-based NSE index Nifty also moved up by 21.10 points, or 0.40 percent, to 5,297.95.

Brokers said continued buying by funds and retail investors on RBI rate cut hopes amid a firming trend in Asian markets, following overnight gains in the US markets, bolstered the trading sentiment.

They said, however, 27.39 percent rise in Infosys consolidated Q4 net profit, fell below market's expectations.

Stocks of IT bellwether, Infosys plunged 9.31 percent to Rs 2,494 on fresh spell of selling.

In the Asian region, the Hong Kong's Hang Seng Index rose by 1.53 percent, while the
Japan's Nikkei index was up by 1.40 percent.

The US Dow Jones Industrial Average gained 1.41 percent in Thursday's trade.