New Delhi, Dec. 5 -- The Indian stock market benchmark indices, Sensex and Nifty 50, rallied on Friday after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points in its fifth bi-monthly monetary policy for FY26.

The Sensex jumped 338.39 points, or 0.40%, to 85,603.71, while the Nifty 50 was up 109.05 points, or 0.42%, at 26,142.80. The Bank Nifty index traded 0.55% higher.

Rate-sensitive sectors led the gains, with Nifty Realty, Nifty Auto, Nifty Financial Services, Nifty PSU Banks and the Nifty IT indices trading in the green.

The rally in the Indian stock market today came after the RBI's Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, unanimously voted to reduce repo rate by 25 bps to 5.25%, and ...