Closing Summary, Market Synopsis: 8th May, 2014

Key benchmark indices recovered slightly from the 1-1/2 month closing low hit in the prior session, as investors picked up some of the battered stocks but also continued to book profits ahead of crucial election results next week. CNX Nifty shut shop at 6659.85, up by 7.3 points. The Nifty is down 3.1 percent since hitting a record high on April 25, as investors have reduced some of their positions ahead of the conclusion of elections.

The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 24 advances to 26 declines.