Stock market recap
On 31 December, Indian equity benchmark indices staged a sharp rebound, breaking their recent losing streaks as renewed buying interest in metal stocks lifted sentiment. The Sensex surged 668 points, or 0.79%, to close at 85,343.12, while the Nifty advanced 219 points, or 0.85%, to 26,158.20 after four sessions of decline. Gains were led by JSW Steel, Tata Steel and Titan Co., which rallied up to 5%, whereas Tata Consultancy Services and Bajaj Finance slipped nearly 1%.
