Markets hit highest level in more than 5 weeks on surprise 25 bps rate cut by RBI:Benchmark share indices surged over 2% on Thursday led by financials after the RBI in a surprise move before market hours today cut the repo rate by 25 basis points. The Sensex ended higher by 729 points at 28075.55 and the Nifty was up 216.6 points at 8494.15. The market breadth indicating the overall health of the market was strong. In the foreign exchange market, the rupee touched two month high against the dollar. In overseas markets, European stocks rose as investors weighed company earnings results.Trading in US index futures indicated that the Dow could gain 128 points at the opening bell today.