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ONGC Gains as Crude Prices Stabilize and Upstream Realizations Improve
ONGC advanced as global crude prices stabilized, improving upstream realizations and supporting margin prospects amid steady production trends.
Oil and Natural Gas Corporation (ONGC) traded higher as global crude prices stabilized near the $58 per barrel level. Improved upstream realizations and steady production guidance supported investor sentiment. Analysts noted that lower subsidy-related pressures and firm benchmark prices could provide margin tailwinds in the near term.