RIL Share Price Hits Fresh High as Oil Stocks Rally; ONGC Jumps 2% in Stock Market Today

Market Performance: Oil Stocks Set the Pace

The stock market today saw oil-linked stocks moving into the spotlight, driven by global geopolitical developments. As trading opened on January 5, buying interest returned to energy names, lifting key stocks on the Nifty 50.

Oil & Natural Gas Corporation (ONGC) emerged as the top gainer in early trade. The stock climbed 2% to ₹246.80, reflecting renewed momentum in upstream oil counters.

At the same time, RIL share price extended its upward march. Reliance Industries gained over 1%, scaling a fresh 52-week high of ₹1,611.8 per share. The move reinforced Reliance’s leadership in the market on a day when global cues were driving sentiment.

Main News: Global Tensions Drive Energy Focus

The rally in oil stocks followed a major geopolitical event involving Venezuela. The United States carried out Operation ‘Absolute Resolve’, which included airstrikes across Venezuela and the capture of its President Nicolás Maduro and the First Lady.

This operation came after months of mounting military and economic pressure on the oil-rich nation. The development put Venezuela—an important oil-producing country—back on global investors’ radar.

Speaking after the operation, US President Donald Trump said the United States would oversee the country during a transition phase. He stated that the existing system would not continue under a replacement leader and indicated that the US would manage the country until a “safe, proper and judicious transition” could take place.

Trump also made repeated references to Venezuela’s oil resources, stating that the country’s oil had been taken and that large quantities would be sold to other nations.

These comments added to the focus on energy markets and influenced sentiment toward oil-related stocks in India.

Oil Prices: Supply Concerns Meet Market Balance

Oil prices moved slightly higher on Monday as investors weighed whether the political turmoil in OPEC member Venezuela could interrupt global oil supply flows.

The reaction remained measured, however. The global oil market continues to be viewed as well supplied, which limited sharp moves in crude prices despite the geopolitical shock.

The developing situation kept traders alert, as any sustained disruption or policy shift involving Venezuelan oil could have broader implications for global energy flows.

Company Details: RIL and ONGC in Focus

Reliance Industries (RIL)

The rise in RIL share price pushed the company’s market capitalisation closer to the ₹22 lakh crore milestone, underscoring its position as India’s most valuable listed company.

The stock’s move to a new 52-week high reflected steady investor confidence in the company amid changing global energy dynamics.

ONGC

ONGC’s 2% jump to ₹246.80 made it the standout performer on the Nifty 50 in early trade. As a major upstream oil producer, the stock typically draws attention during periods of geopolitical uncertainty linked to crude supply.

Summary: Stock Market Today Reacts to Global Oil Developments

In the stock market today, oil stocks led the gains as global political events reshaped short-term sentiment.

• RIL share price rose more than 1%, hitting a fresh 52-week high of ₹1,611.8
• ONGC climbed 2% to ₹246.80, topping the Nifty 50 gainers list
• The US-led operation in Venezuela brought renewed focus on global oil supply
• Oil prices moved slightly higher amid uncertainty, though the market remained well supplied

As global developments continue to unfold, energy stocks are likely to stay in focus, keeping RIL share price and ONGC firmly on the market’s watchlist.

Source: Livemint