Stock market news, Dec. 7 -- The Indian stock market rose on Friday following the Reserve Bank of India's (RBI) decision to lower the policy repo rate by 25 basis points to 5.25%, with the outcome of the MPC acting as the primary driver for the market's recovery.

By the end of today's trading session, the Sensex closed at 85,712.37, gaining 447.05 points or 0.52%, while the Nifty 50 reached 26,186.45, up by 152.7 points or 0.59%.

In the weekly review, the BSE index recorded a slight increase of 5.7 points, whereas the Nifty 50 lost 16.5 points.

Reduced interest rates lower the cost of borrowing, stimulating loan demand and decreasing funding expenses, which benefits both banks and non-bank lenders.

More affordable loans also enhance t...