Significance of Nifty 50 Membership
ONGC’s inclusion in the Nifty 50 index is a testament to its market capitalisation, liquidity, and sectoral importance. As one of the largest oil companies in India, with a market cap of approximately ₹3,39,541.74 crores, ONGC’s performance directly influences the index’s trajectory. The Nifty 50, being the benchmark for Indian equities, attracts significant institutional and retail investor attention, making ONGC’s stock movements highly consequential.
Membership in this elite index ensures enhanced visibility and liquidity for ONGC shares. Index funds and exchange-traded funds (ETFs) tracking the Nifty 50 are mandated to hold ONGC stock, which supports steady demand. This structural ad...
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