In a notable development in the stock market, ONGC has recently experienced a revision in its score, reflecting changes in its market evaluation. This adjustment comes amid a broader market trend where advancing sectors significantly outnumber declining ones, with 34 sectors gaining ground compared to just 4 that faced losses.
The BSE 500 index recorded a modest one-day return of 0.52%, driven primarily by strong performances in the OILGAS sector, which surged by 1.97%. ONGC stood out as a key player in this sector, achieving a remarkable increase of 4.18%. Other notable contributors included Jindal Drilling and Aegis Logistics, which also posted impressive gains.

Conversely, the NIFTYMEDIA and NIFTYIT sectors faced challenges, with declines of 0.53% and 0.42%, respectively. Stocks such as TCS and PVR Inox were among those dragging down their respective sectors.

In light of these developments, ONGC has been added to MarketsMOJO's list, indicating a positive outlook based on its current performance metrics. Investors will be keen to monitor how these changes impact the stock's trajectory in the coming days.