On Monday, Nifty 50 fell 0.87% to 24,795.75. 10 stocks gained while 40 declined.

Mahindra & Mahindra emerged as the top gainer, with its current price at ₹3060.20, marking a 1.42% increase from the last close.

Top Gainers

Following closely is ITC which is trading at ₹510.20, up by 1.32% from the previous close. Trent is also in the green, with a current price of ₹7449.50, a 1.31% rise from its last close. Bharti Airtel and Infosys have also seen positive traction, with their prices at ₹1662.05 and ₹1934.30 respectively, marking a gain of 1.29% and 0.84%.

See Also: ‘Refrain From Spreading Misinformation’: Ratan Tata Quashes Media Reports Of Hospitalisation

Top Losers

On the other end of the spectrum, Adani Ports has taken the biggest hit, with its current price at ₹1355.20, a drop of 4.14% from its last close.

Bharat Electronics is also in the red, trading at ₹267.35, down by 3.55%. NTPC has seen a dip of 3.48%, with its current price at ₹415.45. Coal India and State Bank of India are also among the top losers, with their prices at ₹480.45 and ₹770.65 respectively, marking a decline of 3.37% and 3.26%.

Shrikant Chouhan, Head Equity Research, Kotak Securities said, “Today, the benchmark indices continued weak momentum, the Nifty shed 218 points while the Sensex was down by 640 points. Among Sectors, Except IT all the major sectoral indices registered selling pressure at higher levels but Media index lost the most shed over 3.70 percent. Technically, after a long time market slipped below 50 day SMA (Simple Moving Average). It also formed bearish candle on daily charts and holding lower top formation on intraday charts, which is largely negative. We are of the view that, the larger market texture is weak but due to temporary oversold conditions, we could see non-directional activity in the near future.”

Read Next: Suzlon Shares Extend Losses To 8th Day: What’s Going On?