UAE presidential adviser says flydubai attack a 'terrorist act', praises Indian pilot Smit Machchhar, India's Industrial production jumps 8% in August, GST mop-up grows 15 pc to over Rs 2.03 lakh cr in September,

RBI rate cut lifts markets; Sensex up 447 pts, Nifty near 26,200

The domestic share market closed higher on Friday, with the Sensex up 450 points and the Nifty nearing 26,200 as the RBI’s rate cut improved market sentiment.At close the Sensex was up 447.05 points or 0.52 percent higher at 85,712.37, while the broader Nifty advanced to 26,186.45, up 152.70 points or 0.59 percent.

Bajaj Finance, Infosys and Shriram Finance were the top gainers on the Nifty, rising up to 2 perent, while losers included InterGlobe Aviation and Hindustan Unilever declined up to 3 percent.On the sectoral front The auto index, another rate-sensitive segment, edged up 0.5 percent, whereas the realty index gained 1 percent.
Rupee Close:
On 5 Dec'25,the Indian rupee on Friday gave up its initial gains and settled for the day lower by 5 paise at 89.94 against the US dollar, after the Reserve Bank cut key benchmark interest rate for the first time in six months.Forex traders said the Reserve Bank of India's (RBI) rate cut will weigh on the rupee, but RBI's decision to purchase government bonds worth up to ₹1 lakh crore through open market operations (OMO), combined with a $5 billion buy-sell swap, will support the local currency.
Trading Guide: 
Market experts recommended five shares to buy on Friday- Hexaware Technologies, L&T Technology Services, J B Chemicals and Pharmaceuticals, Himadri Speciality Chemical, and BLS International Services.

(Business Correspondent)

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