Oil stocks in focus: ONGC, OIL gain up to 6% on OPEC+’s production cut; HPCL, BPCL plunge 4%

At 9.30 am, shares of ONGC were trading at Rs 157.40, up Rs 6.35 or 4.20% from Friday’s closing price while those of OIL were up nearly 6% or by Rs 14 at Rs 266.15. ONGC and OIL are one of the largest crude oil and natural gas companies in India which are in the business of exploration and production of oil and gas.