Nifty settles above 5600 on Greece bailout

MUMBAI (Makemystocks): Indian stock markets gave strong close on the back of news that  euro area finance ministers reached an agreement of second bailout package for Greece.

The S&P CNX Nifty today opened at its low of 5562 and made high of 5622. Nifty settled at 5607 up by 43 points.

The European markets are trading weak. The FTSE index is down by 16 points, DAX index is down by 33 points and CAC index is down by 23 points.

The market breadth, indicating the health of the market was positive. On NSE, 883 shares advanced while 592 shares declined. Total of 55 shares remained unchanged.

Out of 50-share S&P CNX Nifty pack, 32 scrips advanced while 18 scrips declined. Bhel was up by 4.56%, ONGC was up by 4.43% and Relinfra was up by 3.76% were the top gainers from the Nifty pack.

Ster was down by 3.61%, Tata Power was down by 2.99% and BPCL was down by 1.66% were the top losers from the Nifty pack.

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