Top gainers, losers today: Tech Mahindra, Wipro, JSW Steel, M&M; check full list

livemint.com:

midcap and smallcap indices scored gains on Tuesday, August 8, amid weak global cues as China's weak economic data weighed on sentiment. 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 finally 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).

Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, ‘’On the global front, investors are adopting a cautious approach even amidst declining bond yields as they await the release of crucial economic data. The significant drop in Chinese exports has also contributed to concerns within the global market. ‘’FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks.

Among sectors, PSU banks and pharma stocks inched up, while mid- and small-cap stocks have continued to outperform the benchmark, showcasing their resilience,'' added Nair. Top gainers: Tech Mahindra (1.82%), Wipro (1.34%), Bajaj Finance(0.98%), State Bank of India (0.89%), and Axis Bank (0.58%). Top losers: Power Grid Corporation (-2.62%), Mahindra & Mahindra (-1.78%), JSW Steel (-1.48%), HCL Technologies (-0.885), and Sun Pharmaceutical Industries (-0.87%).