New Delhi, Dec 5 (UNI) Indian stock market on Friday inched 0.6 per cent higher led by response of financials as the Reserve Bank of India lowered the key interest rate by 25 basis points.

At close, Sensex ended the day with a healthy gain of 447 points, or 0.52 per cent, at 85,712.37, while the Nifty 50 settled at 26,186.45, up 153 points, or 0.59 per cent.

The BSE Midcap index ended with a modest gain of 0.21% but the Smallcap index fell 0.67 per cent.

Gains in the large and mid-caps lifted the overall market capitalisation of BSE-listed firms to nearly Rs 471 lakh crore from Rs 470 lakh crore in the previous session.

Among the sectors, reacting on the RBI decision, the Nifty Bank was up 0.82 per cent and Financial Services 0.98 per cent ended with healthy gains. Further, the PSU Ba

See Full Page