ONGC’s share price today posted a modest gain of about 0.4 per cent. However, the company has lost more than 4 per cent in its market value over the past ten trading sessions. Power equipment maker NTPC stood at the fourth position with a market capitalisation of Rs 1.07 lakh crore after a modest gain of 0.4 per cent in its share price, followed closely by the Tata company TCS at fifth position at Rs 1.06 lakh crore.

“ONGC has been witnessing a steady decline on account of a fall in the global crude prices in the recent past. On the other hand, investors are expecting strong quarterly numbers from RIL and so are increasing their exposure in India’s largest private sector entity,” an analyst froma leading domestic brokerage firm said.