DAILY MARKET ANALYSIS FOR AUGUST 13, 2015

 ECONOMY ANALYSIS
 

 Sensex ends 354 pts down as China, GST weigh
 

 June IIP at 2.9%, July CPI at 4.4%: CNBC-TV18 Poll
 

 Ashok Leyland turns black in Q1, EBITDA rises 4-fold
 

 Jubilant Food Q1 net seen up 26%, SSSG likely at 6-8%
 

 OPEC just kicked oil into the $30s
 

 Claris up 5%, gets new raw material supplier for edema dru

MARKET ANALYSIS
 

 Continuing its losing spree for the fourth straight session, the 30-share BSE benchmark ended the day down 353.83 points, or 1.27 per cent, at 27,512.26.
 

 The NSE's barometer Nifty index lost 108.55 points, or 1.28 per cent, to settle at 8,353.80.
 

 23 of the 30 Sensex stocks finished the day in the negative terrain.
 

 Vedanta and Hindalco were the key losers on Sensex, down over 7 per cent each.
 

 Market sentiment was hurt as uncertainty over the fate of the GST Bill and global volatility following devaluation of the Chinese yuan weighed on blue chips. Soon after the adjournment of Rajya Sabha put the fate of the much vaunted GST Bill in a limbo, the BSE Sensex slipped over 350 points, while the broader 50-share Nifty breached below the 8,350 level.
 

 Major European markets were quoting in the negative territory. Britain's FTSE 100 was down nearly 2 per cent, France's CAC 40 lost fell over 2 per cent, while German DAX shed over 2 per cent in trade.