Top gainers and losers, October 8: AEL tumbles 5%, JSW Steel, ITC, Max Healthcare shares fall 4%; check list

The NIFTY50 also hit a fresh 52-week low during the trading session, as weak global cues, soaring US bond yields, a surge in global crude oil prices, and persistent foreign investment outflows weighed on the market.

According to Ankur Punj, Managing Director, Equirus Wealth, “The global market sell-off had a bearing on Indian equity indices as soaring US bond yields coupled with a sharp spike in international crude oil prices to over $102 a barrel pushed the benchmark Nifty to a fresh 52-week low. Intense FII selling of domestic shares and anticipated further rate hikes by the RBI are also sending jitters to local investors, as higher interest rates will hurt long-term growth prospects.”

On Wednesday, the foreign institutional investors (FIIs) sold shares worth ₹6,121.37 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,596.57 crore on a net basis, according to exchange data.

The SENSEX crashed as much as 1.8% to hit an intraday low of 71,327.75. Meanwhile, the NIFTY50 tanked as much as 1.9% to touch a 52-week low of 22,179.90.

On October 8, the 30-share BSE SENSEX slumped 1,045.46 points or 1.44% to close at 71,593.24. The 50-share NIFTY fell by 371.25 points or 1.64% to end at 22,231.80.

NIFTY50 top gainers and losers

Adani Enterprises Ltd (AEL) (-5.36%), JSW Steel (-4.46%), ITC Ltd (-4.03%), Max Healthcare Institute (-3.81%), and InterGlobe Aviation (IndiGo) (-3.55%) were among the top losers.

Shares of ITC fell amid reports of a large block deal worth over ₹9,000 crore in the stock. According to news reports, a block deal worth around ₹9,400 crore took place in ITC. GQG is likely to have been the seller, while a banker indicated that it was a “clean-out trade”, suggesting that the overhang from the stake sale has been cleared.

A foreign long-only fund reportedly bought around one-third of the block, while the remaining shares were picked up by mutual funds, including Nippon India, ICICI Prudential, SBI, Kotak and Aditya Birla Capital, according to news reports.

On the other hand, the top gainers included Infosys (0.50%), Tech Mahindra (0.34%) and Axis Bank (0.20%).

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY midcap gauge, the Midcap 100, ended 2.53% or 1,500.10 points lower at 57,882.50 on October 8.

The index was weighed down by selling in the shares of Jubilant Foodworks, which closed 7.16% lower.

It was followed by Tube Investments of India (-6.16%), One 97 Communications (Paytm) (-5.23%), Motilal Oswal Financial Services (-5.02%) and Suzlon Energy (-4.98%), which were among the other top laggards.

Shares of Paytm declined amid the latest media reports that traders and industry associations have allegedly sought a deferment of the MDR rollout from October 15 this year to January 2027. The requests have reportedly been made to both the Finance Ministry and NPCI; however, no official sources have confirmed the development.

Meanwhile, market participants were also focused on a latest report by Goldman Sachs on the stock's outlook, which highlighted several potential tailwinds for the payments platform.

On the flip side, the top winners were LIC Housing Finance (4.19%), ICICI Lombard General Insurance Company (2.14%), Tata Communications (1.53%), SRF Ltd (1.02%) and MphasiS (0.63%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 closed at 19,050.10, down by 456.85 points or 2.34%.

The top losers included Inox Wind (-6.96%), Wockhardt (-5.88%), Amber Enterprises (-5.34%), Aegis Logistics (-5.29%), and Chennai Petroleum Corporation (-5.17%).

On the contrary, the top gainers included Cupid (3.72%), IFCI (3.22%), PNB Housing Finance (1.68%), Firstsource Solutions (1.62%), and CreditAccess Grameen (1.48%).