India's benchmark indices, Sensex and Nifty, rallied on Friday, with Sensex gaining over 450 points and Nifty surpassing 23,400. L&T surged by 4.4 per cent after announcing record new orders, contributing significantly to the rise.

The BSE Sensex settled for the day at 77,500.57, rallying more than 700 points, while the NSE Nifty50 closed trading above the 23,500 mark, climbing over 250 points or over 1 per cent in the session.