Stock Market Soars on Year's Last Day: 5 Key Reasons Revealed

• Steel stocks surged after government imposed safeguard duty on imports, boosting domestic pricing expectations.
• Brent crude prices fell 0.10% to $61.27 per barrel, providing relief to the Indian market.
• India VIX dropped over 3% to 9.37, signaling reduced investor anxiety and encouraging risk-taking.
• Value-based buying emerged after Sensex and Nifty experienced consecutive declines, leading to purchases of cheaper stocks.
• Strong buying in broader market, with Nifty Mid-cap and Small-cap 100 indices rising up to 1%.

Why It Matters: Indian stock market ended the year with a strong rally driven by steel, crude oil, VIX, and buying trends.