Crude oil boom sparks rally! ONGC, Oil India shares soar even as Sensex slides
ONGC and Oil India shares surged on Wednesday as global crude oil prices stayed firm.
Mumbai/IBNS: Shares of Oil & Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. surged on Wednesday amid a sustained rise in global crude oil prices, media reports said.
ONGC shares rose around 2%, while Oil India gained nearly 4% in the first hour of trade.
Global oil prices have remained elevated amid ongoing protests in Iran and speculation over possible intervention by US President Donald Trump. Brent crude trading close to $66 per barrel reflects the recent surge in prices.
Oil prices had come under pressure last month due to growing expectations of a possible easing of the Russia–Ukraine conflict, but geopolitical tensions have once again pushed prices higher.
Meanwhile, broader markets traded lower on Wednesday morning. The BSE Sensex slipped around 200 points, while the NSE Nifty 50 hovered below the 25,700 mark at the opening bell.
More than an hour into the session, the weakness persisted, with Sensex down about 190 points and Nifty lower by 59 points.
Market sentiment remained cautious amid persistent foreign investor selling and firm crude oil prices, which continued to weigh on investor confidence.
NEH Report
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
'The people rejected you': Supreme Court dismisses Jan Suraaj plea challenging Bihar election results
The Supreme Court on Friday dismissed a petition filed by Prashant Kishor-led Jan Suraaj Party challenging the results of the Bihar Assembly elections held in November last year.
From reel to real: Why a BLA attack video has the internet seeing Dhurandhar’s Hamza in Balochistan
The internet is rarely subtle, but even by social media’s standards, the reaction was striking.
RG Kar scam twist: Court issues non-bailable warrant against whistle-blower Akhtar Ali
Kolkata/IBNS: The Alipore court in Kolkata on Friday issued a non-bailable arrest warrant against Akhtar Ali, the whistle-blower who had flagged alleged financial irregularities at the state-run RG Kar Medical College and Hospital, media reports said.
India–US Defence ties get major boost: DRDO hosts high-stakes talks, signs key project deal amid trade breakthrough
The Defence Research and Development Organisation (DRDO) hosted the 24th Indo–US Joint Technical Group (JTG) Plenary Meeting in New Delhi on February 3–4, 2026, aimed at deepening bilateral cooperation in defence science and technology.
Latest News
'The people rejected you': Supreme Court dismisses Jan Suraaj plea challenging Bihar election results
Islamabad shrine attack: Suicide bomber kills at least 69, sparks citywide emergency
From reel to real: Why a BLA attack video has the internet seeing Dhurandhar’s Hamza in Balochistan
Injury shock before opener! Siraj replaces Harshit Rana in India’s T20 World Cup team
