On Monday, Nifty 50 fell 0.08% to 24,347. 22 stocks gained while 27 declined and 1 remained unchanged.

ONGC emerged as the top gainer with a 2.63% increase in its stock price. The stock closed at ₹341.30, a significant jump from its last close at ₹332.55. The stock gained after the Ministry of Petroleum and Natural Gas announced a 20% premium on gas produced from new wells or well interventions.

Hero MotoCorp saw a 2.01% rise in its stock price, closing at ₹5,311.85. The stock had previously closed at ₹5,207.20.

Company	Current Price	Last Close	% Change
ONGC	₹341.3	₹332.55	2.63%
Hero MotoCorp	₹5311.85	₹5207.2	2.01%
Axis Bank	₹1164.3	₹1142.75	1.89%
Infosys	₹1797.4	₹1770.75	1.51%
JSW Steel	₹917.35	₹905.1	1.35%

Axis Bank also had a positive trading day, with its stock price increasing by 1.89% to ₹1164.30 from its last close at ₹1142.75.

Infosys saw its stock price rise by 1.51% to ₹1797.40 from ₹1770.75.

JSW Steel rounded off the top five gainers with a 1.35% increase in its stock price, closing at ₹917.35.

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On the flip side, NTPC was the biggest loser of the day, with a 2.39% decrease in its stock price. The stock closed at ₹400.85, down from its last close at ₹410.65.

Adani Ports followed with a 2.11% decrease in its stock price, closing at ₹1,501.40. Adani Ports and other stocks of the conglomerate fell after U.S short-seller Hindenburg Research came with a fresh report on Adani Group alleging that SEBI chairperson Madhabi Puri Buch held stakes in offshore entities involved in the Adani money siphoning scandal.

Dr Reddy’s Laboratories saw a 1.81% decrease in its stock price, closing at ₹6,886.55.

Britannia Industries and State Bank of India also experienced a decrease in their stock prices by 1.65% and 1.42% respectively, closing at ₹5645.75 and ₹812.60.

Vinod Nair, Head of Research, Geojit Financial Services said, “The Indian market exhibited a mild optimism, although the initial path was eclipsed by continuation of the Adani-Hindenburg-SEBI saga. However, the market brushed away these noises, taking positive cues from global markets. Moreover, the domestic market is anticipating ease in CPI inflation, which is going to be further supported by a good monsoon. Yet, the upside risk remains still, given firm oil prices and volatility in food inflation.”

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