Market Heatmap- 16 July, 2012

The Indian equity markets ended with losses for a fourth straight trading session today, kicking off the new trading week on a negative note. Sustained selling pressure was observed in the second half of the trading day. Metal shares were seen pulling down the market after Moody’s Investor Service scaled down the outlook on global base metals to ‘negative’ from ‘stable’. After constant struggle to hold back the market finally was seen giving away and the Sensex finally closed at the level of 17103.31 i.e., down by 110.39 points and the Nifty closed at the level of 5197.25 i.e., down by 30 points. This led the midcap and the small-cap counters to close negative by over half a percentage point each. On the sectoral front, except for Healthcare, Consumer Durables and Oil&Gas indices, all the other indices closed in red. IT and Metal indices closed as the major losers with losses of over two percentage points each. Further, the market breadth closed negative as only three stocks were seen advancing for every five declines.Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118