By Bharti Navlani
MUMBAI (Commodity Online): Indian stock markets ended flat amid trading lackluster for second consecutive day. Nifty continued to trade in the narrow range of 4730-4785 .
The S&P CNX today gave opened flat at 4749 and rose till the crucial resistance of 4780 but selling pressure dragged Nifty from days high after European markets opened and Nifty settled flat at 4750.
Oil and Gas stocks were the weakest sector in today's trade that dragged Nifty down from days high. Reliance dragged Nifty by 9 points.
Food inflation declined by 3.36% in the week ended December 24 after rising by 0.42% in the preceding week. Food inflation stood at 20.84% in the corresponding week last year. Inflation in the Primary Articles group fell to 0.1% in the week under review, from 2.70% in the week ended December 17. It was at 22.68% in the year-ago period.
The European markets are trading weak. The FTSE index is down by 27 points, DAX index is down by 28 points and CAC index is down by 32 points.
The market breadth, indicating the health of the market was almost neutral. On NSE, 775 shares advanced while 648 shares declined. Total of 67 shares remained unchanged.
Out of 50-share S&P CNX Nifty pack, 24 scrips advanced while 26 scrips declined. Cairn was up by 4.27%, PNB was up by 3.74% and Bajaj Auto was up by 3.06% were the top gainers from the Nifty pack.
DLF was down by 4.12%, Gail was down by 3.28% and BPCL was down by 2.69% were the top losers from the Nifty pack.
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