Oil & Natural Gas Corpn Ltd gained 1.5% today to trade at Rs 323.9. The BSE Oil & Gas index is up 0.84% to quote at 32442.92. The index is up 1.82 % over last one month. Among the other constituents of the index, Oil India Ltd increased 1.11% and GAIL (India) Ltd added 0.52% on the day. The BSE Oil & Gas index went up 73.43 % over last one year compared to the 25.43% surge in benchmark SENSEX. Oil & Natural Gas Corpn Ltd has lost 2.22% over last one month compared to 1.82% gain in BSE Oil & Gas index and 0.07% rise in the SENSEX. On the BSE, 59686 shares were traded in the counter so far compared with average daily volumes of 17.32 lakh shares in the past one month. The stock hit a record high of Rs 344.6 on 01 Aug 2024. The stock hit a 52-week low of Rs 172.8 on 24 Aug 2023.Powered by Capital Market - Live

Oil & Natural Gas Corpn Ltd gained 2.55% today to trade at Rs 338. The BSE Oil & Gas index is up 1.25% to quote at 32283.41. The index is up 4.78 % over last one month. Among the other constituents of the index, Bharat Petroleum Corporation Ltd increased 2.06% and Oil India Ltd added 2.02% on the day. The BSE Oil & Gas index went up 71.58 % over last one year compared to the 24.22% surge in benchmark SENSEX. Oil & Natural Gas Corpn Ltd has added 5.74% over last one month compared to 4.78% gain in BSE Oil & Gas index and 0.09% rise in the SENSEX. On the BSE, 66893 shares were traded in the counter so far compared with average daily volumes of 17.81 lakh shares in the past one month. The stock hit a record high of Rs 344.6 on 01 Aug 2024. The stock hit a 52-week low of Rs 172.8 on 24 Aug 2023.Powered by Capital Market - Live

ONGC announced that the 31st Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live

The key equity benchmarks ended with minor losses on Tuesday, declining for the third day in a row. The Nifty closed below the 24,000 level after hitting the day's high of 24,382.60 in early trade. Realty, IT and metal shares advanced while PSU bank, financial services and auto shares declined. As per provisional closing, the barometer index, the S&P BSE Sensex, was down 166.33 points or 0.21% to 78,593.07. The Nifty 50 index lost 63.05 points or 0.26% to 23,992.55. In the broader market, the S&P BSE Mid-Cap index fell 0.71% and the S&P BSE Small-Cap index lost 0.57%. The market breadth was weak. On the BSE, 1,592 shares rose and 2,344 shares fell. A total of 92 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 7.97% to 18.74. IPO Update : The initial public offer (IPO) of Ola Electric Mobility received 1,66,48,59,495 bids for shares as against 46,51,59,451 shares on offer, according to stock exchange data at 15:15 IST on Monday (05 August 2024). The issue was subscribed 3.58 times. The issue opened for bidding on Friday (02 August 2024) and it will close on Tuesday (06 August 2024). The price band of the IPO is fixed between Rs 72 to Rs 76 per share. An investor can bid for a minimum of 195 equity shares and in multiples thereof. The initial public offer (IPO) of Brainbees Solutions received 43,33,920 bids for shares as against 4,96,39,004 shares on offer, according to stock exchange data at 15:15 IST on Tuesday (06 August 2024). The issue was subscribed 0.09 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 440 to Rs 465 per share. An investor can bid for a minimum of 32 equity shares and in multiples thereof. The initial public offer (IPO) of Unicommerce eSolutions received 2,55,84,786 bids for shares as against 1,40,84,681 shares on offer, according to stock exchange data at 15:15 IST on Tuesday (06 August 2024). The issue was subscribed 1.82 times. The issue opened for bidding on Tuesday (06 August 2024) and it will close on Thursday (08 August 2024). The price band of the IPO is fixed between Rs 102 to Rs 108 per share. An investor can bid for a minimum of 138 equity shares and in multiples thereof. Buzzing Index: The Nifty PSU Bank index fell 1.26% to 6,816.20. The index tanked 8.31% in sixth consecutive trading sessions. Bank of India (down 2.91%), Punjab & Sind Bank (down 2.86%), Indian Bank (down 2.84%), Union Bank of India (down 2.45%), UCO Bank (down 2.23%), State Bank of India (down 1.69%), Indian Overseas Bank (down 1.42%), Bank of Maharashtra (down 1.08%), Canara Bank (down 0.26%) and Bank of Baroda (down 0.25%) declined. Stocks in Spotlight: Oil and Natural Gas Corporation (ONGC) shed 0.97%. The company reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. TVS Motor Company shed 0.90%. The company reported 23.45% increase in standalone net profit to Rs 577.32 crore in Q1 FY25 as compared to Rs 467.67 crore posted in Q1 FY24. Revenue from operations rose 16.04% YoY to Rs 8,375.59 crore in the June 2024 quarter. BEML tumbled 7.18%. The company's consolidated net loss narrowed to Rs 70.47 crore in Q1 FY25 as compared with Rs 75.01 crore reported in Q1 FY24. Revenue from operations grew by 9.91% to Rs 634.08 crore in Q1 FY25 as against Rs 576.91 crore posted in corresponding quarter last year. Tata Chemicals fell 1.74%. The company's consolidated net profit from continuing operations declined 69.72% to Rs 175 crore in Q1 FY25 as compared to Rs 578 crore posted in Q1 FY24. The company's revenue from operations fell 10.17% year-on-year (YoY) to Rs 3,789 crore for the quarter ended 30 June 2024. Brigade Enterprises gained 2.84% after the company's consolidated net profit surged 117.29% of Rs 83.72 crore in Q1 FY25 as compared with Rs 38.53 crore reported in Q1 FY24. Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. BLS International Services surged 10.16% after the company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter. Symphony surged 19.60% after the company's consolidated surged to Rs 88 crore during the quarter as compared with Rs 24 crore posted in corresponding quarter last year. Revenue from operations jumped 75.83% YoY to Rs 531 crore in Q1 FY25. Meanwhile, the board declared first interim dividend of Rs 1 per share having face value of Rs 2 each for FY25. Further, the company's board approved a share buyback upto Rs 71.40 crore at Rs 2,500 per share via tender offer route. The company will buyback 2,85,600 fully paid-up equity shares of face value Rs 2 each, representing 9.33% and 9.99% of the total paid-up equity share capital and free reserves. The buyback price is fixed at Rs 2,500, representing a 103.4% premium to Monday's closing price of Rs 1229.10 on the BSE. Schneider Electric Infrastructure jumped 5.31% after the company's net profit jumped 38.83% to Rs 48.48 crore in Q1 FY25 from Rs 34.92 crore in Q1 FY24. Rev0065nue from operations grew by 19.72% year on year (YoY) to Rs 592.91 crore in the quarter ended 30 June 2024. Global Markets: European stocks tumbled across the board while most Asian stocks advanced on Tuesday. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets. Powered by Capital Market - Live

Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Profit before tax (PBT) fell 14.87% YoY to Rs 11,956.12 crore during the quarter. The company's net crude oil realization was $83.05 per barrel (up 8.8% YoY) while gas price realization was $6.50 per mmtbu (down 3.1% YoY) during the period under review. During the quarter, crude oil production fell 1.4% year on year to 5.237 million metric tonnes (MMT) and gas production was 5.008 billion cubic metre (BCM), (down 4.1% YoY). On consolidated basis, the company's net profit declined 42.8% YoY to Rs 10,235.64 crore in Q1 FY25. Revenue from operations rose 1.68% to Rs 1,66,576.75 crore in Q1 FY25 as compared with Rs 163,823.59 crore in Q1 FY24. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of June 2024. The counter added 2.11% to Rs 316.70 on the BSE.Powered by Capital Market - Live

The benchmark indices traded with major gains in early trade. The Nifty traded above the 24,300 level. All the sectoral indices on the NSE, traded in the green. At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 868.86 points or 1.10% to 79,628.26. The Nifty 50 index gained 264.35 points or 1.10% to 24,309.75. The broader market outperformed the headline indices, the S&P BSE Mid-Cap index added 1.69% and the S&P BSE Small-Cap index gained 1.96%. The market breadth was strong. On the BSE, 2,558 shares rose and 450 shares fell. A total of 97 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 10,073.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 9,155.55 crore in the Indian equity market on 5 August 2024, provisional data showed. Stocks in Spotlight: Oil and Natural Gas Corporation (ONGC) gained 2.71%. The company reported 11.19% decline in consolidated net profit to Rs 10,235.64 crore during the quarter as compared with Rs 11,526.53 crore posted previous quarter. Revenue fell marginally YoY to Rs 1,66,567.75 crore. Bharti Airtel rose 0.64%,. The company reported a consolidated net profit of Rs 4,159.9 crore in Q1 FY25, steeply higher than Rs 1,612.5 crore posted in Q1 FY24. Revenue from operations increased 2.84% YoY to Rs 38,506.4 crore in Q1 FY25. The growth was impacted by currency devaluation in Africa. Average revenue per user (ARPU) for the quarter stood at Rs 211, up 5.5% as compared to Rs 200 in Q1 FY24. Tata Chemicals added 0.75%. The company's consolidated net profit declined 67.63% to Rs 190 crore in Q1 FY25 as compared with Rs 587 crore posted in same quarter last year. Revenue dropped 10.18% to Rs 3,789 crore in Q1 FY25 from Rs 4,218 crore in Q1 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.95% to 6.994 as compared with previous close 6.971. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.8500, compared with its close of 83.0975 during the previous trading session. MCX Gold futures for 5 October 2024 settlement rose 0.03% to Rs 69,327. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 102.84. The United States 10-year bond yield gained 1.60% to 3.840. In the commodities market, Brent crude for October 2024 settlement added 79 cents or 1.04% to $77.09 a barrel. Global Markets: Dow Jones Futures were up 379 points, indicating a bounce in the US stocks today. Asian stocks surged on Tuesday, recovering from steep losses in the previous session. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets.Powered by Capital Market - Live