Market Heatmap- 11 May 2012

The bears continued to rule Dalal Street for the fourth consecutive day. Taking cues from the global markets, domestic equities kick-started trade on a negative note. Negative IIP numbers further added to the negative sentiments. The index of industrial production (IIP), contracted by 3.5% in March as against a 4.1% growth in February. The market recovered somewhat and entered in the green. However sustained selling pressure dragged the indices again in the red. Sensex finally ended at 16293 with a loss of 127 points while Nifty closed at 4929 with a loss of 37 points. On the sectoral front, Auto ended with gain of half a percentage points while Banking was flat. Rest of the sectoral indices ended in the negative with Healthcare losing close to two percentage points. The market breadth was weak and four stocks were seen advancing against every nine declines. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118