Market Commentary & Stock To Watch-12 August 2015

Mining, metal and banking stocks led losses for key benchmark indices, with the barometer index, the S&P BSE Sensex, falling below the psychological 28,000 mark. The Sensex was provisionally off 216.60 points or 0.77% at 27,885.12. The market breadth indicating the overall health of the market was weak. The BSE Small-Cap index was off 135.95 points or 1.13%. The decline in this index was higher than the Sensex's decline in percentage terms. The market sentiment was hit adversely after China's central bank devalued the nation's currency. In overseas markets, Asian and European stocks fell, with investors assessing China's unexpected devaluation of the yuan.

STOCKS TO WATCH

MARUTI:  
Buy MARUTI above 4450 stock may show 4550-4600 level in coming days, below 4450 major support will be 4375.

MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224 in coming days, keep buy on dips.
Bank Nifty

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