The Nifty index ticked up 53 points to 23,271, marking its second straight day of gains, while the Sensex fell 22 points to 74,315, according to real‑time NSE data.
Midcaps outperformed, rising 558 points to 61,432 and lifting the market breadth to a 2:1 advance‑decline ratio. NewPARA In contrast, the Nifty Bank index dropped 237 points to 56,056, with Federal Bank falling 2% and PB Fintech sliding 4%.
Tata stocks moved higher after news of Chandra’s reappointment; Tata Motors Passenger Vehicles led the gains, and Tata Chemicals and Tata Investment Corporation rallied up to 7% on expectations of a Tata Sons listing.
Auto and airline names pushed higher ahead of festive sales; Maruti Suzuki and TVS Motor each gained around 2%, while IndiGo and GMR Airports edged 2‑3% as crude prices eased.
Upstream oil stocks mirrored the drop in crude prices; Oil and Natural Gas Corporation fell 2%, though SRF and Blue Star posted gains of over 2% and 3% respectively on positive brokerage notes.
Investors now eye the upcoming earnings calendar, particularly the Q3 results of major banks and auto manufacturers, while midcap momentum and a healthy breadth may steer the next session.