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.

At 10:45 hours, the 30-share benchmark index was trading at 85583.98 up by 318.66 points or by 0.37 % and then NSE Nifty was at 26062.3 up by 28.55 points or by 0.11 %.

Sensex touched intraday high of 85595.28 and intraday low of 85078.12 The NSE Nifty touched intraday high of 26113.85 and intraday low of 25985.35

The top gainers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 1049.25,+1.96%), HCL Technologies Ltd. (Rs. 1682.40,+1.66%), Infosys Ltd. (Rs. 1623.10,+1.58%), Bajaj Finserv Ltd. (Rs. 2079.45,+1.43%), Maruti Suzuki India Ltd. (Rs. 16173.90,+1.10%), among others.

The top losers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 2358.10,-4.23%), Axis Bank Ltd. (Rs. 1269.75,-0.82%), IndusInd Bank Ltd. (Rs. 857.30,-0.70%), Sun Pharmaceutical Industries Ltd. (Rs. 1806.45,-0.67%), Tata Motors Passenger Vehicles Ltd. (Rs. 355.00,-0.41%), among others.

IT index was at 37529.48 up by 402.24 points or by 1.08%. InfoBeans Technologies Ltd. (Rs. 698.55,+15.75%), Ramco Systems Ltd. (Rs. 612.40,+4.51%), Magellanic Cloud Ltd. (Rs. 26.68,+4.34%), Genesys International Corporation Ltd. (Rs. 412.10,+3.24%), MphasiS Ltd. (Rs. 2967.90,+1.98%),.

FMCG index was at 20158.1 down by -93.77 points or by -0.46%. Hindustan Unilever Ltd. (Rs. 2358.10,-4.23%), Vadilal Industries Ltd. (Rs. 5433.65,-2.78%), G M Breweries Ltd. (Rs. 963.80,-2.72%), Gujarat Ambuja Exports Ltd. (Rs. 116.40,-2.27%), Chaman Lal Setia Exports Ltd. (Rs. 261.75,-2.08%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3973 , shares advanced were 1662 while 2091 shares declined and 220 were unchanged.