Buy or sell stocks, Dec. 6 -- The Indian stock market benchmarks, the Sensex and the Nifty 50, closed with healthy gains on Friday, December 5, after the Reserve Bank of India (RBI)cut interest rates by 25 basis points, projected a healthy growth-inflation dynamics and announced a liquidity infusion program through bond buying and dollar-rupee swaps.

The Sensex rose 447 points, or 0.52%, to end at 85,712.37, while the Nifty 50 settled at 26,186.45, up 153 points, or 0.59% on Friday. However, on a weekly scale, both indices ended flat.

With the RBI rate cut done, the focus is now on the US Federal Reserve's policy decision, scheduled for December 10. Markets globally are discounting a 25 bps rate cut by the US Fed in the coming week.

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