Sensex jumps 300 pts; IT, realty, banks gain as RBI MPC cuts repo rate by 25 bps

Indian equity markets were trading higher on Friday, December 5, after the Reserve Bank of India (RBI) Governor, Sanjay Malhotra, led the Monetary Policy Committee (MPC) decided to slash the repo rate by 25 basis points to 5.25 per cent.

The BSE Sensex was at 85,483, up 217 points, or 0.26 per cent, while the Nifty50 was at 26,071, higher by 38 points, or 0.15 per cent.

Reliance, Trent, Tata Steel, Bharti Airtel, Tata Motors PV, Sun Pharma, and Titan were the top losers on the Sensex today, while Eternal, BEL, Maruti Suzuki, Bajaj Finance, Kotak Bank, Infosys, and Ultratech Cement were the top gainers.

In the broader markets, the Nifty MidCap index slipped 0.07 per cent, and the Nifty SmallCap index dropped 0.30 per cent.

Among sectors, the Nifty Pharma, and Metal indices were the top losers, down 0.3 per cent each. On the higher side, the Nifty Realty index added 0.28 per cent.