The market may extend five day losing streak on weak Asian stocks.

Key benchmark indices fell for the fifth straight trading session on Monday, 14 May 2012 to reach their lowest closing level in 17-weeks as latest data showing acceleration of inflation in April 2012 and weak global stocks hurt sentiment adversely. The BSE Sensex lost 77.14 points or 0.47% to settle at 16,215.84, its lowest closing level since 16 January 2012.

Foreign institutional investors (FIIs) bought shares worth Rs 355.10 crore on Monday, 14 May 2012, as per provisional figures. FIIs bought shares worth Rs 831.09 crore in three sessions from 10 to 14 May 2012.

Asia stocks suffered losses Tuesday amid increasing concern over a Greek exit from the euro zone, despite the region's finance leaders declaring they weren't considering that possibility. Key benchmark indices in Japan, Hong Kong, China, Indonesia, South Korea and Taiwan were down by 0.11% to 1.44%. Singapore's Straits Times rose 0.17%. Euro group finance ministers sought to pour cold water on the speculation and said at a meeting in Brussels late Monday that no-one supported a Greek exit.

Concerns about Greece's possible exit from the European Union rattled offshore markets on Monday, as the nation's political impasse stretched into a second week with no agreement on a unity government.