Market Heatmap- 16 May 2012

After snapping a five-day losing streak in the previous trading session, the Indian markets resumed their fall today. The day started with a gap down opening and the decline continued. The drop was quite sharp amid no sign of resolution to the Greek political crisis. Asian stock indices finished sharply lower, as the undertone continued to be shaky amid concerns that political instability in Greece could lead to fresh economic turmoil in the debt-stricken eurozone nation. Fears are also mounting that Greece may eventually have to leave the currency bloc, further denting the prospects for global economic growth. All this together led the midcap and the small-cap counters to close negative by nearly a percentage point each. On the sectoral front, all the indices closed in red. Metal and Auto indices led the list of losers with losses of over two and a half percentage points each. Further, the market breadth closed negative as only two stocks were seen advancing for every five declines.Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118