Sensex Nifty Live Updates December 31: Benchmarks Rise; Nifty Bank Outperforms

Indian markets ended Wednesday on a firm note, extending gains amid selective buying in metals, energy and banking stocks, even as global cues remained mixed. The Sensex rose 0.64% to close at 85,220.60, while the Nifty 50 advanced 0.74% to 26,129.60. Banking stocks continued to show strength, with the Nifty Bank climbing 0.69%, supported by steady interest in frontline lenders. JSW Steel led the rally with a sharp 4.88% gain, followed by ONGC, Tata Steel, Kotak Mahindra Bank and Reliance Industries. On the downside, IT names remained under pressure, with TCS, Tech Mahindra and Infosys among the notable laggards, along with Grasim Industries and Bajaj Finance. India VIX declined 2.09% to 9.48, reflecting subdued volatility and a relatively calm investor sentiment despite mixed global signals. 

Stock Market Highlights, December 31

• Domestic Markets End Higher: Indian equities closed with solid gains, supported by strength in metals, energy and select banking stocks. The Sensex rose 0.64% to 85,220.60, while the Nifty 50 advanced 0.74% to 26,129.60. Nifty Bank also ended higher, up 0.69% at 59,581.85, reflecting steady buying interest in financials. JSW Steel led the gainers with a sharp 4.88% jump, followed by ONGC, Tata Steel, Kotak Mahindra Bank and Reliance Industries. On the downside, IT stocks remained under pressure, with TCS, Tech Mahindra and Infosys among the key laggards. India VIX fell 2.09% to 9.48, signalling continued low volatility and a relatively stable risk environment. 

• Global Cues Mixed: Asian markets closed on a mixed note. Japan’s Nikkei slipped 0.37%, while Hong Kong’s Hang Seng declined 0.87%. In contrast, the Shanghai Composite edged slightly higher, indicating selective buying across the region. European equities showed resilience, with the DAX rising 0.57% and the CAC 40 and STOXX 50 gaining around 0.5% each, while the FTSE 100 ended marginally lower. 

• Wall Street Recap: U.S. markets closed modestly lower overnight, keeping global sentiment cautious. The S&P 500 fell 0.14%, the NASDAQ declined 0.24%, and the Dow Jones eased 0.20%, as investors remained selective amid mixed economic signals. 
  Overall, domestic benchmarks outperformed global peers, aided by sectoral rotation and subdued volatility, even as global cues remained mixed. 

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