Significance of Nifty 50 Membership
ONGC’s inclusion in the Nifty 50 index places it among the most prominent and liquid stocks on the National Stock Exchange of India. This membership not only enhances its visibility among domestic and international investors but also ensures that its price movements significantly impact the overall index trajectory. As a large-cap stock with a market capitalisation of approximately ₹2,99,725 crores, ONGC’s performance is closely monitored by fund managers and index-tracking funds, which often adjust their portfolios in line with index rebalancing.
The company’s sectoral positioning within the oil industry further amplifies its benchmark status. The oil sector, characterised by its cyclic...
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