Fri Dec 05 09:00:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

RBI Cuts Repo Rate, Market Surges; Sensex Soars 500 Points

Mumbai, India – In a move aimed at boosting the sluggish economy, the Reserve Bank of India (RBI) has announced a 0.25% reduction in the repo rate, bringing it down to 5.25%. This decision is expected to lead to cheaper loans and reduced EMIs for consumers in the coming days.

The announcement triggered an immediate positive reaction in the stock market. The Sensex jumped by 500 points to reach 85,750, while the Nifty also saw a significant gain of 150 points, hitting 26,200. Banking stocks, particularly HDFC Bank and SBI, experienced a surge.

Market data revealed that 20 out of 30 Sensex stocks and 34 out of 50 Nifty stocks were trading in the green. Banking, IT, and Realty sectors saw increased demand, while Media and FMCG sectors faced selling pressure.

This positive sentiment comes amidst mixed trading in Asian markets.

IPO Update:

The initial public offering (IPO) of Meesho has been subscribed 8.28 times in the first two days. Today is the last day to subscribe. Retail investors have shown strong interest, subscribing 9.65 times. Simultaneously, the IPOs of Ekas Limited and Vidya Wires are also open for investment today.

Foreign Investment:

Despite the positive market movement, foreign investors have sold shares worth ₹9,965 crore in the past four days.

Future Outlook:

Bank of America has set a Nifty target of 29,000 for calendar year 2026, indicating an 11% growth from current levels. The brokerage firm believes that market growth will be driven by income growth rather than valuation expansion.

Previous Day’s Close:

On Thursday, December 4th, the Sensex closed 159 points higher at 85,265, and the Nifty rose 48 points to close at 26,034. Auto, IT, and Realty sectors led the gains, while the Media sector declined by 1.45%.

Read More