The Indian equity benchmarks advanced for third session in a row on Friday paced by gains in information technology, pharma and auto shares. However, the upside for benchmarks was capped as banking and financial services shares succumbed to selling pressure. During the day, the benchmarks traded in a rangebound manner wherein the Sensex traded in a range of 395 points and Nifty 50 index touched an intraday high of 14,697.70 and low of 14,559.The Sensex ended 28 points or 0.06 per cent higher at 48,832 and Nifty 50 index advanced 36 points or 0.25 per cent to close at 14,618.Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Pharma index’s nearly 2 per cent gain.