The Indian stock market experienced a mixed trading session today, with the indices closing in the red after a day marked by fluctuations. While the Nifty 50 managed to hold the 19,500 mark, the broader market exhibited resilience, particularly in the midcap segment.

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The Sensex witnessed a decline of 316 points, closing at 65,512, while the Nifty 50 retreated by 110 points to finish at 19,529.

The midcap index managed to outperform both the Sensex and Nifty, closing in the green with a gain of 72 points at 40,609.

However, the Nifty Bank faced headwinds, slipping by 186 points to 44,399.

ONGC, Eicher Motors, Hindalco Industries, Maruti Suzuki and Dr Reddy's Laboratories are among the top losers on the Nifty, while gainers included Titan Company, Bajaj Finance, L&T, Bajaj Finserv and Adani Ports.

Among sectors, FMCG, auto, power, metal, and oil & gas down 0.5-1 percent, while PSU Bank index up 2.3 percent and capital goods index up 1 percent.

In the midcap space, Multi Commodity Exchange of India (MCX) emerged as a top loser, erasing the recovery it made on Friday and closing 5 percent lower.

Delta Corp, the gaming company, witnessed a drop in its stock price, closing near its 52-week low due to ongoing tax notices to gaming companies.

Metal stocks tracked the rise in the Dollar Index, with the Nifty Metal index falling nearly 1 percent.

Auto stocks were predominantly in the red following monthly sales reports, with Eicher and Maruti emerging as the top losers in the sector.

ONGC experienced the most significant decline among Nifty stocks as crude oil prices plummeted overnight, ending with a cut of 4 percent.

On the flip side, Bajaj Finance and Bajaj Finserv saw sharp intraday recoveries, gaining 2-3 percent from their lows.

Titan ended the session with a gain of over 1 percent ahead of its quarterly updates.

Mahanagar Gas Limited (MGL) surged by 8 percent after a brokerage upgraded the stock to a "Buy" rating.

Public sector banks continued their upward trajectory, with PNB and Union Bank registering gains of 4-5 percent.

Marico closed 3 percent higher as ICICI Securities upgraded the stock following a management meeting.

First Published:Oct 3, 2023 3:39 PM IST