INDIAN EQUITY MARKET WRAP UP- 12 AUG 2015

INDIAN BENCHMARKS close at lowest in over 2 weeks

                                                                   

INDIAN EQUITY BENCHMARKS fell on Wednesday, hitting a two-week low, as uncertainty over the fate of a key nationwide tax bill and global volatility following devaluation of the Chinese yuan weighed on blue chips. The S&P BSE Sensex and CNX Nifty ended 1.27%-1.33% lower each .

 Headlines for the day:

•  City Union Bank Q1 net profit down 12%; Gross NPAs worsen
• Ashok Leyland Q1 better than street estimates
• IDBI Bank Q1 net profit up 27%; Asset quality deteriorates
• Balrampur Chini Mills Q1 net loss at Rs73 cr                                                                     

Results on August 13, 2015

Tata Power, Unitech, MMTC, Alok Inds., ONGC, DLF, IOCL, Page Inds, ICRA, Rajesh Exports, Ajanta Pharma, Jubilant Food., GMR Infra., Shree Renuka Sugar, GVK Power, Kaveri Seed, IRB Infra, Rattan India Power.                                                                     

The crucial resistance for Nifty is now seen at 8415 and above this 8455. Support for the immediate term is now placed at 8325 and next support will be 8275.

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