Stock market today, Dec. 8 -- A 25-basis-point rate cut by the RBI, along with its plan to inject Rs.1.45 lakh crore into the system through bond purchases and dollar-rupee swaps, lifted market sentiment and helped the indices post solid gains on Friday, December 5.

Building on the previous session's momentum, the Sensex closed 447 points higher at 85,712.37, up 0.52%, while the Nifty 50 rose 153 points, or 0.59%, to finish at 26,186.45. The BSE Midcap index edged up 0.21%, whereas the Smallcap index slipped 0.67%.

"Markets witnessed a volatile session on Friday but still managed to end higher by over half a percent. The sentiment was cautious in the early hours; however, strength in heavyweight stocks across sectors improved the tone a...