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Shares of ONGC and Oil India surged by 4% as crude oil prices hit a two-month high, driven by expectations of stronger economic growth, particularly in China. With oil prices rising, the outlook for India's oil sector remains positive despite recent volatility in stock prices.
In the midst of a volatile market, shares of Oil India and ONGC have surged by up to 6% as crude oil prices soar, driven by escalating geopolitical tensions in the Middle East. This article delves into the factors behind the price movements, the broader market context, and expert analysis on the future of these key players in the oil sector. Join us as we unpack the implications of these developments for investors and the industry at large.