What is the story about?
Indian equity markets saw a rebound on Wednesday, December 31, ending a multi-day losing streak as investors flocked to metal shares following the government’s
imposition of a safeguard duty on select steel imports. After five consecutive sessions of losses, the Sensex surged 654.73 points (0.82%) to 85,329.81, while the broader Nifty gained 212.75 points (0.82%) to 26,151.60 by early afternoon at around 1:35 pm. Market breadth was healthy, with approximately 2,455 shares advancing, 1,009 declining, and 170 unchanged. Top gainers in the Nifty50 included JSW Steel, Tata Steel, and Titan Company, rising up to 5%, whereas Tata Consultancy Services and Bajaj Finance fell up to 1%. (more to come)
