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At the interbank foreign exchange, the rupee opened at 85.77, slipped to 85.80 before trading again at 85.75 against the greenback in initial deals, 7 paise lower from its previous close.

The Relative Strength Index of the stock stood at 57.99 on Tuesday.

Gold futures contracts saw minimal gains at MCX while silver remained mostly steady. Gold prices increased by Rs 350 over the past week, whereas silver prices dropped by Rs 3,000. Domestic and international markets reported high volatility. Central bank purchases and Chinese stimulus expectations are influencing market trends.

CLSA has upgraded ONGC to "High Conviction Overweight-PF," citing multiple production and realization triggers, alongside attractive valuations and a strong dividend yield.

​The strong growth story is there, inflation is somewhat stickier as well, and the Federal Reserve themselves are suggesting that with the fiscal policy side remaining very loose, monetary policy may need to be tighter to offset that support.

Shares of ONGC have increased by 22.4% in the last one year, however, have fallen by 8.1% and 8.5% in the last 6 months and 3 months respectively, according to the BSE Analytics.

Paras Defence and Space Technologies announced that it had obtained a license from the Department for Promotion of Industry & Internal Tradse (DPIIT) to manufacture Light Machine Guns (LMGs).

This upgrade reflects a more positive outlook on the company following recent favorable news flow, particularly concerning its biologics business.

As of 30-Sep-2024, promoters held 70.08 per cent stake in the company, while FIIs held 8.41 per cent and domestic institutional investors had 2.87 per cent.