HPCL, BPCL, ONGC shares rally up to 5% on upgrades by Goldman Sachs, Macquarie

Shares of India's state-run oil refiners surged up to 5% after analysts at Macquarie and Goldman Sachs raised ratings and target prices, citing improved fundamentals and an attractive risk-reward setup. HPCL and BPCL were upgraded to 'buy,' while ONGC was revised to 'outperform.'