Nifty takes breather after yesterday's big move

MUMBAI (Makemystocks): Indian stock markets pauses and takes breather after yesterdays strong rally of more than 2%. Realty, power and capital goods stocks were on buyer's radar today. Metal, Oil & Gas and consumer durable stocks ended in red.

The S&P CNX Nifty today gave gap down open at 5514 and traded in narrow range of 5532 and 54584. Nifty settled at 5522 down by 10 points.

The European markets are trading weak. The FTSE index is down by 42 points, DAX index is down by 75 points and CAC index is down by 22 points.

The market breadth, indicating the health of the market was negative. On NSE, 832 shares advanced while 629 shares declined. Total of 58 shares remained unchanged.

Out of 50-share S&P CNX Nifty pack, 9 scrips advanced while 41 scrips declined. Hero Motor Corporation was up by 4.34%, Jindal Steel was up by 4.27% and SBIN was up by 4.1% were the top gainers from the Nifty pack.

Coal India was down by 5.84%, Hindalco was down by 5.14% and Tata Motors was down by 4.12% were the top losers from the Nifty pack.

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