Oil & Natural Gas Corpn has been allotted 490,62,03,065 nos. of equity shares of Rs 10/- each by ONGC Petro additions (OPaL) by way of subscription of shares on right basis. Upon the said allotment, shareholding of the Company in OPaL has increased from 94.57% to 95.69%.Powered by Capital Market - Live

Oil & Natural Gas Corpn Ltd is up for a third straight session in a row. The stock is quoting at Rs 263, up 2.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 24428.3. The Sensex is at 80776.82, up 0.66%. Oil & Natural Gas Corpn Ltd has dropped around 0.87% in last one month. Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has dropped around 1.68% in last one month and is currently quoting at 37594.4, up 0.96% on the day. The volume in the stock stood at 109.37 lakh shares today, compared to the daily average of 142.55 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 264.25, up 2.2% on the day. Oil & Natural Gas Corpn Ltd is up 30.17% in last one year as compared to a 18.09% spurt in NIFTY and a 25.14% spurt in the Nifty Energy index.The PE of the stock is 7.97 based on TTM earnings ending September 24.Powered by Capital Market - Live

The headline equity benchmarks traded with modest losses in early trade. The Nifty traded below the 24,050 mark. Oil & gas, private bank and bank shares declined while consumer durables, auto and media shares advanced. At 09:30 IST, the barometer index, the S&P BSE Sensex slipped 415.71 points or 0.52% to 79,387.08. The Nifty 50 index lost 89.70 points or 0.37% to 24,041.40. In the broader market, the S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index declined 0.35%. The market breadth was negative. On the BSE, 1,514 shares rose and 1,602 shares fell. A total of 164 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,383.55 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,723.34 crore in the Indian equity market on 29 November 2024, provisional data showed. Stocks in Spotlight: Oil & Natural Gas Corporation (ONGC) slipped 1.30%. The company said that its wholly owned subsidiary, ONGC Videsh has acquired 0.615% stake in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. The company has also acquired 0.737% stake of Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly owned subsidiary ONGC BTC. DLF added 0.49%. The company said that its wholly owned subsidiary, DLF Info City Developers (Kolkata) has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business to RDB Primarc Techno Park LLP for a total consideration of around Rs 637 crore. Macrotech Developers rose 0.27%. The company said that it has executed a share purchase agreement for acquisition of 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for total consideration of Rs 47.94 crore. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.18% to 6.831 as compared with previous close 6.751. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.5975, compared with its close of 84.6000 during the previous trading session. MCX Gold futures for 5 February 2024 settlement fell 0.90% to Rs 75,684. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.51% to 106.28. The United States 10-year bond yield rose 0.41% to 4.211. In the commodities market, Brent crude for January 2024 settlement gained 40 cents or 0.56% to $72.24 a barrel. Global Markets: Most Asian stocks advanced after US shares rose Friday as global markets enter a seasonally strong period. Meanwhile, Chinese economic data pointed to a mixed picture. The country's factory activity expanded in November as the official manufacturing index picked up. However, the non-manufacturing sector slipped slightly. The value of new home sales fell last month from a year earlier to 363 billion yuan ($50 billion), reversing October gains. The stock market benchmark'CSI 300'closed Friday's session with gains of 1.14%. US stock indices surged to record highs on Friday, driven by positive economic indicators and expectations of a Federal Reserve rate cut in December. The S&P 500 rose 0.6% to a record high of 6,032.4 points, while the Dow Jones Industrial Average rose 0.4% to a peak of 44,910.65 points. The NASDAQ Composite rose 0.8% to 19,218.17 points, but remained below recent record highs. Trump on Sunday threatened to impose '100% tariffs' on the BRICS bloc of countries, which includes China. Trump criticized the bloc's attempts to form its own currency and shift away from the U.S. dollar, threatening to cut the bloc off from U.S. trade over the move. He called for commitments to the dollar from the bloc. Powered by Capital Market - Live

Stocks to watch: Oil & Natural Gas Corporation (ONGC) said that its wholly owned subsidiary, ONGC Videsh has acquired 0.615% stake in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. The company has also acquired 0.737% stake of Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly owned subsidiary ONGC BTC. DLF said that its wholly owned subsidiary, DLF Info City Developers (Kolkata) has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business to RDB Primarc Techno Park LLP for a total consideration of around Rs 637 crore. Macrotech Developers said that it has executed a share purchase agreement for acquisition of 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for total consideration of Rs 47.94 crore. Aster DM Healthcare (Aster) said that it has entered into definitive agreement to merge with Quality Care India Limited (QCIL) backed by Blackstone and TPG, one of the largest privately held hospital chains in India with a focus on emerging cities. KEC International has secured multiple orders worth Rs 1,040 crore in its Transmission and Distribution (T&D) business in international markets. Rail Vikas Nigam (RVNL) has emerged as the lowest bidder for a distribution infrastructure development project worth Rs 642.56 crore from Punjab State Power Corporation (PSPCL). RailTel Corporation of India has received a work order worth Rs 10 crore from Northern Railway for providing cloud services.Powered by Capital Market - Live

ACG is a super-giant offshore filed in Caspian Sea operated by oil major BP since 1999. The field has been developed in phases and a seventh production platform, Azeri Central East, has been commissioned in early 2024. The other partners in the field are SOCAR, MOL, INPEX, Exxon, Turkiye Petrolleri AO and Itochu. The field has a contract term till 31st December 2049. The company has also acquired 0.737% Shares of Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly owned subsidiary ONGC BTC. Baku-Tbilisi Ceyhan (BTC) pipeline carries oil from the Azeri-Chirag-Deepwater Gunashli (ACG) field and condensate from Shah Deniz across Azerbaijan, Georgia and T'rkiye. The total investment for this acquisition is around $60 million. This acquisition is in addition to ONGC Videsh's existing 2.31% participating interest (PI) in the ACG field and 2.36% shareholding in BTC pipeline. The said acquisition is consistent with its strategic objective of energy security of the nation by adding high-quality international assets with equity oil to its existing portfolio. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of September 2024. The company reported 17.05% increase in standalone net profit to Rs 11,984.02 crore in Q2 FY25 as compared with Rs 10,238.10 crore in Q2 FY24. However, revenue from operations declined 3.6% YoY to Rs 33,880.88 crore in the quarter ended 30 September 2024. The counter rose 1.84% to end at Rs 256.75 on Friday, 29 November 2024.Powered by Capital Market - Live

The equity barometers pared some gains in the afternoon trade. The Nifty traded below the 24,200 level after hitting the day's high of 24,351.55 in mid-morning trade. All the sectoral indices on the NSE were traded in green with PSU Bank, Oil & gas and realty shares gaining the most. At 13:25 IST, the barometer index, the S&P BSE Sensex, rallied 833.40 points or 1.05% to 79,951.69. The Nifty 50 index added 287.40 points or 1.20% to 24,195.50. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index advanced 1.79% and the S&P BSE Small-Cap index jumped 1.74%. The market breadth was strong. On the BSE, 2,827 shares rose and 1,133 shares fell. A total of 189 shares were unchanged. Economy: India's foreign exchange reserves declined $17.761 billion, reaching $657.892 billion for the week ended November 15, as reported by the RBI on Friday. In the prior week ending November 8, the forex declined $6.477 billion to $675.653 billion. The central bank also reported that gold reserves reduced by $2.068 billion to $65.746 billion during this period. It also indicated that Special Drawing Rights (SDRs) decreased by $94 million to $18.064 billion. Additionally, India's reserve position with the IMF also declined by $51 million, reaching $4.247 billion in the reporting week. Gainer & Losers: Oil and Natural Gas Corporation (ONGC) (up 5.27%), Bharat Electronics Limited (BEL) (up 4.98%), Adani Enterprises (up 4.37%), Larsen & Toubro (up 3.84%) and Bharat Petroleum Corporation (BPCL) (up 3.78%) were major Nifty gainers. JSW Steel (down 2.85%), Infosys (down 0.91%), HCL Technologies (down 0.82%), HDFC Life Insurance Company (down 0.71%), Tech Mahindra (down 0.45%) were major Nifty losers. Stocks in Spotlight: Central Bank of India jumped 7.13% after the Reserve Bank of India (RBI) approved the banks entry in the insurance business through a joint venture with Generali group under FGIICL and FGILICL. UPL rose 1.19% after the company signed strategic partnership agreement with CH4 Global to bring the latter's methane-reducing feed supplement, 'Methane Tamer' to millions of cattle per day. Escorts Kubota gained 3.12% after its wholly owned subsidiary, Escorts Kubota Finance is intending to commence its business activities of non-banking financial institution from 26 November 2024. Dhanuka Agritech gained 1.25% after the company signed an agreement with Bayer AG, Germany, for the acquisition of the crop protection active ingredients, Iprovalicarb and Triadimenol, along with the trademark Melody for Iprovalicarb. Wardwizard Innovations & Mobility advanced 2.89% after the company signed a memorandum of understanding (MoU) with Ampvolts to develop advanced EV charging infrastructure in India and abroad. Bliss GVS Pharma rose 0.95%. The company's Maharashtra-based facilities received a GMP compliance certificate from the National Agency for Medicines and Medical Devices of Romania post an EU GMP inspection. Global Markets: The Dow Jones index futures were up 239 points, signaling a strong opening for U.S. stocks today. European market advanced while Asian stocks traded mixed on Monday as investors awaited a slew of economic data this week, including China's industrial data and India's third-quarter GDP numbers. On Monday, Singapore released its inflation figures for October. Singapore saw its headline inflation rate fall to 1.4%, the lowest rate of inflation since March 2021. Looking ahead, October inflation readings from Australia are due Wednesday, and November inflation numbers from Japan's capital city of Tokyo will be released on Friday. Tokyo's inflation figures are widely considered a leading indicator of nationwide trends. China on Monday kept its medium-term lending rate steady as the country's central bank seeks to stabilize the Yuan, which has come under pressure following Donald Trump's victory in the U.S. presidential election. The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement. On Friday, US stocks moved higher as industries poised to benefit from the incoming administration's pro-business and deregulation policies outperformed. The Dow Jones Industrial Average led major indices, gaining nearly 1% to close at 44,296.51 points. Meanwhile, the S&P 500 added 0.35% to finish at 5,969.30 points, and the NASDAQ Composite rose more modestly, inching up by 0.16% to 19,003.65 points. Among individual stocks, Boeing Co. surged over 4%, boosting the broader industrials sector. The aircraft manufacturer's gains came after it secured a $2.39 billion contract modification from the US Department of Defense. Economic data released Friday pointed to steady momentum in the US economy. The S&P Global Manufacturing PMI for November rose slightly to 48.8 from October's 48.5, signaling a slower contraction. Meanwhile, the more critical Services PMI jumped to 57.0 from October's 55.0, reflecting robust activity in the services sector. These figures, coupled with last week's strong jobless claims data, reinforce the view of a relatively healthy US economy. The Reserve Bank of New Zealand is expected to announce a rate cut on Wednesday, a move that could impact regional financial markets.Powered by Capital Market - Live

Oil & Natural Gas Corpn Ltd fell for a fifth straight session today. The stock is quoting at Rs 252.45, down 1.44% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Oil & Natural Gas Corpn Ltd has eased around 11.88% in last one month.Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has eased around 10.14% in last one month and is currently quoting at 37705.65, down 1.02% on the day. The volume in the stock stood at 83.14 lakh shares today, compared to the daily average of 125.9 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 253.65, down 1.38% on the day. Oil & Natural Gas Corpn Ltd jumped 26.54% in last one year as compared to a 20.25% rally in NIFTY and a 31.64% spurt in the Nifty Energy index.The PE of the stock is 8.28 based on TTM earnings ending June 24.Powered by Capital Market - Live

ONGC announced that the Board of Directors of the Company at its meeting held on 11 November 2024, inter alia, have recommended the first interim dividend of Rs 6 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, revenue from operations declined 3.6% YoY to Rs 33,880.88 crore in the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 15,036 crore during the quarter, up 11.37% from Rs 13,501.01 crore posted in same quarter last year. The company's net crude oil realization was $78.33 per barrel (down 7.7% YoY) while gas price realization was $6.50 per mmtbu (flat YoY) during the period under review. During the quarter, crude oil production added 0.7% YoY to 4.576 million metric tonnes (MMT) and gas production was 4.912 billion cubic metre (BCM), (down 2.11% YoY). On consolidated basis, the company's net profit declined 25% YoY to Rs 10,272.50 crore despite of 7.3% rise in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24. Meanwhile, the company's board has declared interim dividend of Rs 6 per equity share for the financial year 2024-25. The firm has fixed 20 November 2024 as record date for the same. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of September 2024. The counter added 0.39% to currently trade at Rs 257.90 on the BSE. Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail (ABFRL), Granules India, Hindustan Copper, Manappuram Finance are banned from F&O trading on 12 November 2024. Upcoming Result: Zydus Lifesciences, 3M INDIA, Ashoka Buildcon, Aditya Vision, BASF India, Bosch, CERA Sanitaryware, CESC, Cupid, EIH, Finolex Cables, Greaves Cotton, GSFC, Infibeam Avenues, Ingersoll-Rand (INDIA), ION Exchange (INDIA), Jyothy Labs, Kirloskar Oil Engines, KNR Constructions, Sula Vineyards, Marksans Pharma, Medplus Health Services, Minda Corporation, Samvardhana Motherson International, Natco Pharma, Nucleus Software will declare their result later today. Stocks to Watch: Oil & Natural Gas Corporation (ONGC)'s consolidated net profit declined 25% to Rs 10,272.50 crore despite of 7.3% increase in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24. Blue Dart Express' consolidated net profit declined 14% to Rs 62.84 crore on 9.4% increase in net sales to Rs 1448.46 crore in Q2 FY25 over Q2 FY24. NMDC reported 18.1% jump in net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24. The company's board approved the issuance of bonus shares in the ratio of 2:1. Britannia Industries' consolidated net profit declined 9.6% to Rs 531.45 crore despite of 4.5% increase in net sales to Rs 4,556.23 crore in Q2 FY25 over Q2 FY24. Shree Cement's consolidated net profit tumbled 82.9% to Rs 76.44 crore on 15.1% fall in net sales to Rs 4054.17 crore in Q2 FY25 over Q2 FY24. Hindalco Industries' consolidated net profit jumped 78% YoY to Rs 3,909 crore in Q2 FY25. Net sales increased 7.4% YoY to Rs 58,203 crore during the quarter. Indiamart Intermesh's subsidiary, Tradezeal Online entered into share purchase agreement to disinvest a 26% stake in Shipway Technology by way of sale of 4,088 Compulsorily Convertible Preference Shares ('CCPS') and 100 Equity shares for total consideration of Rs 41.59 crore. Welspun Corp's wholly owned subsidiary, Welspun Mauritius Holdings has divested 5% equity stake in East Pipes Integrated Company (EPIC) for an overall consideration of SAR 218.9 million (Approximately $58 million).Powered by Capital Market - Live