The S&P BSE Sensex fell more than 700 points while Nifty50 closed below 17900 levels on Wednesday. Indian markets remained shut on Thursday for a public holiday.

“Based on the aforementioned rationale, stock can be looked for by candidates in the range of Rs 152 to Rs 150 with a stop loss of Rs 145 for the upside potential up to Rs 163 to Rs 165 level. Duration can be one month around,” he recommends.

On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

Government has ensured the windfall tax rate for crude is kept at a level that ensures a steady range of US$72-76/bbl net crude realisation for ONGC.

The NSE Nifty index closed 189.6 points down at 18042.95

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

"The year 2023 is likely to be a defining year for ONGC with two prominent triggers. These are a) a rise in domestic oil & gas production, and b) a possible floor on gas realization. Both are likely to play out in favour of the company, an outcome that makes us pitch ONGC as the top idea for 2023 in the sector," Motilal Oswal said.

​Jindal Drilling & Industries, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 859.29 Crore) operating in Gas & Petroleum sector.

Considering the great conjunction in addition to the cushion provided by the high dividend yield of 13.6% in FY23, the brokerage retain its BUY rating on ONGC with a TP of Rs 198, making it the top idea for 2023 in the sector.

Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 198 in its research report dated December 30, 2022.

The NSE Nifty index was trading 100.25 points down at 18022.25

The NSE Nifty index was trading 113.95 points down at 18008.55

Tata Motors, Tata Consumer, Grasim Inds., HDFC Life and UltraTech Cem. were among the top losers on NSE.

HEC Infra Projects, Swastik Pipe Ltd., Network People Services Technologies Ltd., Ponni Sugars and FACT, hit their fresh 52-week highs at 10:09AM.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 177759.35 Crore) operating in Gas & Petroleum sector.

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA) in a meeting held last month cleared two separate proposals put up by the ONGC for environmental clearance.

The NSE Nifty index closed 4.95 points up at 18701.05

Satin Creditcare, Vasa Retail & Overse, Indian Terrain, TTK Healthcare and JK Lakshmi Cement, hit their fresh 52-week highs during the day.

Apollo Hospital, Tata Motors, RIL, Tech Mahindra and SBI Life were among the top losers on NSE in today's trade.

The rating agency also said the weakening rupee is credit negative for Indian companies that generate revenue in the domestic currency but depend on US dollar debt to fund their operations and also credit negative for companies with dollar-denominated costs but rupee-based revenue."However, we expect the negative credit implications to be limited or temporary," Moody's said.

ICICI Direct recommended hold rating on Oil and Natural Gas Corporation with a target price of Rs 155 in its research report dated November 16, 2022.

Prabhudas Lilladher is bullish on Oil and Natural Gas Corporation has recommended buy rating on the stock with a target price of Rs 180 in its research report dated November 15, 2022.

The draft recommendation will be discussed by members of the committee and finalized on November 29.

Analysts at JPMorgan feel good days are coming for OMCs that have suffered from high crude oil prices and the government’s effort to keep fuel prices low.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 173985.26 Crore) operating in Gas & Petroleum sector.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 180212.50 Crore) operating in Gas & Petroleum sector.

A search-cum-selection committee, constituted by the oil ministry, zeroed in on Singh after interviewing six candidates on August 27, two sources aware of the matter said.

JPMorgan maintained an overweight rating on Apollo Tyres with a target price of Rs 370. The global investment bank slashed FY24-25 EPS by 2-3% to factor in slightly lower volume growth in India.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 179080.27 Crore) operating in Gas & Petroleum sector.

Net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 crore, or Rs 14.58 per share net profit in the same period a year ago, Oil and Natural Gas Corporation (ONGC) said in a statement.Profit fell 15.6 per cent over the preceding June quarter when it had reported Rs 15,205.85 crore net profit.

ONGC's oil and gas production dropped 2 per cent in second quarter of current fiscal year. Oil production of 5.36 million tonne in July-September is compared with 5.47 million tonne output a year back. Similarly, gas production of 5.35 billion cubic meters in Q2 is compared with 5.46 bcm output in July-September 2021.

The NSE Nifty index was trading 34.95 points down at 18294.2

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 175935.20 Crore) operating in Gas & Petroleum sector.

The S&P BSE Sensex fell more than 150 points while the Nifty50 closed below 18,200 levels on Wednesday.

The S&P BSE Sensex rose more than 200 points while the Nifty50 reclaimed 18200 levels on Monday.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 158888.93 Crore) operating in Gas & Petroleum sector.

Russian President Vladimir Putin earlier this month disbanded Exxon Neftegaz - a regional subsidiary of US supermajor ExxonMobil - as operator of the Sakhalin-1 and transferred the project and all of its assets and equipment to a new operator.