Market Heatmap- 29 May 2012

The key Indian indices finished nearly flat. After opening with a slight positive bias, the Indian market did show some strength in the first half but the upswing was short lived, as the frontline indices erased all the day's gains in the second half. The market lost steam after the European markets surrendered some of the early gains. This led the Sensex to close flat at the level of 16438.58 i.e., up by 21.74 points and the Nifty to close at the level of 4990.1 i.e., up by 4.45 points. Even the midcap and the small-cap counters closed flat to negative. On the sectoral front, the indices closed mixed. IT index closed as the major gainer with gains of over a percentage point, while FMCG index closed as the major loser with losses of nearly a percentage point. Further, the market breadth closed neutral. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118