DAILY EQUITY TIPS FOR AUGUST 12, 2015

ECONOMY ANALYSIS

 Sensex tanks 236 pts, Nifty ends at 8462; IT outperforms

 SBI Q1 profit rises 10% to Rs 3692 cr, NII disappoints, asset quality stable

 Syngene International lists at Rs 295, surges 23% on Day 1

 Tata Steel Q1 profit beats street, up 2-fold to Rs 763 cr

 PM may announce a universal health cover scheme on I-Day .... EQUITY TRADING TIPS

MARKET ANALYSIS

 The S&P BSE Sensex ended the session down 235.63 points, or 0.84 per cent at 27,866.09.

 The broader 50-share Nifty index fell 63.25 points, or 0.74 per cent, to settle the day at 8.462.35.

 23 of the 30 Sensex stocks closed the session in the negative territory.

 Tata Steel was the key index loser, down over 5 per cent. The company's posted a consolidated Q1 PAT of Rs 763 cr vs 337 cr, up 126 per cent. The results were announced post market hours.

 SBI too fell over 5 per cent. Hindalco, Tata Motors and Coal India were among other top losers, down 4 per cent each.

 The losses on the benchmark indices were led by key banking stocks. CNX Bank Nifty plunged over 200 points in intraday trade. Stocks of SBI slipped over 4 per cent after the lender came out with its Q1 results.

 Major European markets were quoting in the red. Britain's FTSE 100 lost 0.7 per cent, France's CAC 40 lost over a per cent, while German DAX shed over 1.2 per cent. 

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