The Indian stock markets witnessed a mixed day of trading as the Sensex and Nifty 50 ended on a positive note, while the Midcap Index struggled to maintain its upward momentum.

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The Nifty saw support from heavyweights such as Larsen & Toubro (L&T), ICICI Bank, Infosys, and Tata Consultancy Services (TCS), which helped it finish the day with a gain of 108 points at 19,544. On the other hand, the Sensex surged by 406 points, closing at 65,632.

In the banking sector, the Nifty Bank index gained 242 points to reach 44,206, showcasing strength in this segment. However, the Midcap Index had a more challenging day, slipping 2 points to end at 40,046.

Stock Specific Highlights

Bajaj Auto, Larsen & Toubro, Titan Company, Eicher Motors and TCS were among the top gainers on the Nifty, while losers included Power Grid Corporation, Hindalco Industries, Tata Consumer Products, HCL Technologies and ONGC.

On the sectoral front, auto, bank, Information Technology and capital goods up 0.5-1 percent, while selling was seen in the pharma, power and PSU Banking names

Marico Ltd experienced a 5% decline as its Q2 updates fell below market expectations. The market reacted negatively to this news.

Navin Fluorine, despite its efforts to boost investor sentiment during an analyst call, saw its stock declining by 3%.

Punjab National Bank (PNB) witnessed profit booking following its Q2 updates and closed with a 3% drop.

Oberoi Realty remained volatile amid reports surrounding Vikas Oberoi, and its stock declined by 3%.

Indus Towers faced concerns that dragged down Vodafone Idea, causing a 2% fall in the telecom sector.

Companies like Godrej Consumer Products and Dabur were under pressure ahead of their quarterly updates, resulting in a 1% decline in each of their stocks.

Sector Movements

The fall in crude oil prices had a positive impact on certain sectors. Paint and airline stocks were among the gainers, with IndiGo recording a 3% increase and Asian Paints rising by 1%.

L&T emerged as the top gainer due to order wins, registering a gain of more than 2%. Additionally, IT stocks largely closed in the green, with TCS leading the way.

Info Edge moved 4% higher following a surge seen in global tech peers, indicating positive market sentiment.

Infibeam saw a remarkable surge of 13% after substantial trading activity involving 60 lakh shares in the block deal window.

Sobha Ltd witnessed a 6% surge, while Macrotech Developers slipped slightly after reporting strong updates for Q2.