Nifty ends above 4600 off days low

MUMBAI (Makemystocks): Indian stock markets started the week lower on fragile domestic economic fundamentals and haunting worries about the Euro-zone debt crisis. Market touched fresh 2-year low in intraday trades but managed to recover following recovery in key Asian  and European markets .

Asian markets witnessed accelerated selling in morning as North Korean leader Kim Jong-il died on Saturday.

The S&P CNX today gave gap gap down open at  4623 and extended the losses and touched the low of 4556. However, recovery was seen in the last leg of market and Nifty settled off the day's low at 4613 down by 38 points.

The European markets are trading in positive zone. The FTSE index is up by 14 points, DAX index is up by 40 points and CAC index is up by 19 points.

The market breadth, indicating the health of the market was negative. On NSE, 251 shares advanced while 1211 shares declined. Total of 37 shares remained unchanged.

Out of 50-share S&P CNX Nifty pack, 14 scrips advanced while 36 scrips declined. Tata Motors was up by 4.41%, Cairn was up by 4.06% and Sail was up by 3.48% were the top gainers from the Nifty pack.

Axis Bank was down by 5.91% , LT was down by 4.13% and PNB was down by 4.05% were the top losers from the Nifty pack.

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