Day trading guide for today: Six buy or sell stocks for Wednesday —August 9
Day trading guide for today: Domestic equity benchmarks Sensex and Nifty ended lower during Tuesday’s session on weak global cues, even as the second-rung midcap and smallcap indices scored gains during the session. China's weak economic data weighed on the overall sentiment in a sign of sluggish post-COVID recovery. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63.
The index closed 107 points, or 0.16 per cent, lower at 65,846.50 while the Nifty ended 26 points, or 0.13 per cent, lower at 19,570.85, both snapping their two-day winning run. Mid and smallcaps outperformed the benchmark Sensex. The BSE Midcap index ended with a gain of 0.15 per cent while the Smallcap index rose 0.25 per cent.
Nifty PSU Bank index surged 3.37 per cent, followed by Nifty Media (up 0.74 per cent) and Nifty Pharma (up 0.64 per cent). Wipro, Tech Mahindra, Cipla, Hero MotoCorp emerged as the top gainers on Nifty50, while JSW Steel, Mahindra & Mahindra, Adani Enterprises were among the top drags on Tuesday. Foreign institutional investors (FIIs) continued their selling streak offloading ₹711 crore, while the domestic institutional investors (DIIs) turned net buyers and invested ₹537 crore during the session - mitigating the downside risk.
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