By Bharti Navlani
MUMBAI (Commodity Online): Indian stock markets continued uptrend and Nifty crossed 5400 for the first time since August. Today's rise was mainly led by Metals, Realty, Banking and Auto stocks.
Tomorrow, December’s IIP figures will be announced that will decide further trend of the market. Technically, charts are still bullish and Nifty may touch 5600 and correction must be taken as buying opportunity.
The S&P CNX Nifty today gave gap down open at 5343 and remained choppy for most part of the day but buying in last half an hour lifted Nifty to the high of 5423. Nifty settled near days high at 5412 up by 44 points.
The European markets are trading strong. The FTSE index is up by 13 points, DAX index is up by 47 points and CAC index is up by 7 points.
The market breadth, indicating the health of the market was positive. On NSE, 994 shares advanced while 472 shares declined. Total of 50 shares remained unchanged.
Out of 50-share S&P CNX Nifty pack, 33 scrips advanced while 17 scrips declined. RPower was up by 5.2%, BPCL was up by 4.61% and Tata Power was up by 4.4% were the top gainers from the Nifty pack.
Sun Pharma was down by 1.92%, DLF was down by 1.44% and Grasim was down by 1.27% were the top losers from the Nifty pack.
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