Oil Stocks Gain on Venezuela Crisis, ONGC & Reliance Lead

Oil-linked stocks advanced after US action in Venezuela heightened geopolitical tensions. Oil & Natural Gas Corporation rose 2% to top Nifty gainers at the opening of the market but fell sharply after that and is now down 1.9% (at the time of posting), while

Reliance Industries hit a 52-week high. Analysts see margin benefits from discounted Venezuelan crude, though revived supply could pressure prices longer term.