Why ONGC & Oil India Surged While the Market Crashed | Upstox

📌 In a weak market, ONGC rose over 5% and Oil India gained more than 8% after the government cut royalty charges on crude oil and gas production. Lower royalty means lower costs and higher profits, especially for expensive deepwater projects. With crude above $100 and India heavily dependent on imports, the move also supports the government’s push for greater domestic energy production. 💜watching our videos? We love making them for you! Leave a comment and tell us what you would like to see next👇 👉📢 Follow Upstox News 🔔 : https://www.instagram.com/upstox.news/ 📹 Subscribe to Uplearn by Upstox https://www.youtube.com/@UplearnbyUpstox 📹Share & subscribe to our Hindi/English YouTube channel for daily updates 🔔 https://youtube.com/@UpstoxOfficial/Subscribe 📹Share & subscribe to our Tamil YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTamil 📹Share & subscribe to our Telegu YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTelugu 📹Share & subscribe to our Kannada YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxKannada ----------------------------------------------------------------------------------------- About Upstox: 💑Trusted and loved by 1 crore+ Indians, Upstox brings everything you need for trading and investing on a single platform. Whether you’re looking to invest in Stocks, ETFs, Mutual Funds, SGBs, T-Bills, Bonds, IPOs or you’re looking to start trading in Equities, Options, Futures, Currencies and Commodities, Upstox has it all! 🙌Backed by Mr. Ratan Tata and Tiger Global - Upstox aims to help every Indian confidently UP their wealth. From our mobile app (which btw is India’s highest rated trading app on Playstore) you can learn, discover, analyse, invest and trade. 🤝Wish to join our family? Download our app now👇 iOS users https://apps.apple.com/in/app/upstox-new-stocks-ipo-mf/id1584953620 Android users: https://play.google.com/store/apps/details?id=in.upstox.app&hl=en_IN&gl=US And click here to open an Upstox Demat & Trading account with just a PAN, Aadhaar, eKYC: https://uptx.to/open-demat-account ----------------------------------------------------------------------------------------- 📖Want to UPskill? Register for our investing and trading workshops by industry experts for free: https://uptx.to/uplearn-yt-aug23 💬Got questions on your mind? Connect with like-minded traders, ask questions and discuss any doubts - our subject matter experts will resolve them in no time. Join the Upstox Community for free: https://uptx.to/community-yt-aug23 💸Want to know how much you’ll earn from your investments? Calculate returns, brokerage charges, margin and more https://upstox.com/calculator/ 💜Show us some love on Social Media and get regular updates on the market: 1) Subscribe to our Telegram community here: https://uptx.to/Telegram-Oct-Community 2) Follow us on Instagram here: https://uptx.to/Instagram-Oct 3) Follow us on Twitter here: https://uptx.to/Twitter-Oct 4) Follow us on LinkedIn here: https://uptx.to/LinkedIn-Oct #ongc #ongcstock #oilindia #oilindiastock #royaltycut #oilreform #psustocks #crudeoil #oilprices #indianstockmarket #stockmarketindia #domesticoilproduction #deepwater #stockmarkethindi #midmarkets