Stock market news, Dec. 8 -- The Indian stock market experienced gains on Friday after the Reserve Bank of India (RBI) announced a 25 basis point reduction in the policy repo rate to 5.25%, with the decision from the MPC serving as the key factor behind the market's rebound.

By the close of trading today, the Sensex stood at 85,712.37, an increase of 447.05 points or 0.52%, while the Nifty 50 finished at 26,186.45, rising by 152.7 points or 0.59%.

In the weekly assessment, the BSE index exhibited a modest gain of 5.7 points, whereas the Nifty 50 recorded a decline of 16.5 points.

Lower interest rates reduce borrowing costs, which encourages demand for loans and lowers expenses for funding, benefiting both banks and non-bank financial i...