Market Heatmap- 23 July, 2012

The F&O expiry week started off on a very negative note, with the major indices closing almost near the day’s low. Today’s decline could be attributed to a sell-off across global equity markets. Markets gave a gap-down opening, tracking weakness in the Asian markets amid concern about Spain’s worsening fiscal health and fresh trouble for Greece. All-round selling in scrips across sectors dragged the market down. The Sensex closed at the level of 16877.35 i.e., down by 281.09 points and the Nifty closed at the level of 5117.3 i.e., down by 87.15 points. This led the midcap and the small-cap counters to close negative by over a percentage point each. On the sectoral front, all the indices closed in red. IT, Metal index closed as the major loser with losses of over three percentage points. Further, the market breadth closed negative as only three stocks were seen advancing for every eight declines.Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118