ONGC stock price rises on strong q2 results

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Easing inflation and falling crude oil prices boosted demand for equities. Autos and banks shares climbed. After opening higher at 18,362.75, the Nifty 50 index dropped to hit the days low of 18,282 in morning trade. However, buying re-emerged in mid-afternoon which pushed the index above 18,400 mark.

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? ONGC stock price rises on strong q2 results
The PSU company’s standalone net profit dropped 30.09% to Rs 12,825.99 crore in Q2 FY23 as against Rs 18,347.73 crore in Q2 FY22. Revenue from operations surged 57.53% to Rs 38,320.76 crore in quarter ended 30 September 2022 from Rs 24,353.61 crore recorded in the corresponding quarter previous year.

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