ONGC, Reliance Lead Gainers As Markets Start Budget Week With A Bang

In Monday’s trading session, the NIFTY 50 index experienced dynamic shifts, with Oil and Natural Gas Corporation and Cipla emerging as the top gainer and the biggest loser, respectively.

ONGC led the gainers with a significant surge of 7.88%, closing at ₹252.50, up from its last close at ₹234.05.

Reliance Industries followed with a 7.02% increase in its stock price, closing at ₹2,896.10. Coal India, Adani Enterprises, and Adani Ports and Special Economic Zone also showed strong performance with increases of 6.01%, 5.91%, and 4.39%, respectively.

Conversely, Cipla emerged as the biggest loser, with a decrease of 2.39% in its stock price to ₹1,336.85.

Other stocks experiencing declines included ITC, LTIMindtree, Infosys, and Bajaj Auto, with respective decreases of 1.28%, 0.84%, 0.75%, and 0.64%.

On January 29, Indian equity indices rebounded strongly, with the Nifty and Sensex surging nearly 2% each, fueled by broad-based buying across sectors and heavyweight stocks. The Sensex gained 1,240.90 points, or 1.76%, closing at 71,941.57, while the Nifty rose 385.00 points, or 1.80%, to settle at 21,737.60. The oil & gas sector led the gains with a 5% surge, followed by a 3% rise in the power sector and a 2% increase in the capital goods sector. Additionally, the BSE Midcap index climbed 1.7%, while the Smallcap index advanced by 1%.

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