Nifty snaps three day rally, down 117 points

By Bharti Navlani
MUMBAI (Makemystocks): Indian stock markets corrects after rising for straight three days, Nifty ends below 5100 as investors booked profits ahead of today's EU leaders summit.

Profit booking and weak global markets weighed market sentiments. Lower than expected Q4 GDP growth in the US made investors cautious.

The S&P CNX Nifty today gave gap down open at 5164 and remained weak throughout the day. NIfty touched the low of 5077 and settled at 5087 down by 117 points.

The European markets are trading weak . The FTSE index is down by 40 points, DAX index is down by 60 points and CAC index is down by 37 points.

The market breadth, indicating the health of the market was positive. On NSE, 398 shares advanced while 1062 shares declined. Total of 55 shares remained unchanged.

Out of 50-share S&P CNX Nifty pack, 9 scrips advanced while 41 scrips declined. Sun Pharma was up by 1.48%, Ranbaxy was up by 1.18% and Bajaj Auto was up by 0.8% were the top gainers from the Nifty pack.

BHEL was down by 11.33%, Ster was down by 7.00% and Sesa Goa was down by 6.96% were the top losers from the Nifty pack.

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