ONGC shares have lost 20 percent since mid-May on concerns a weakening rupee would make oil imports more expensive.
Three brokerage firms have given their contrarian views on Dish TV that announced disappointing Q1 numbers.
Shares in Wipro gain 2.4 percent to Rs 344.05 after Credit Suisse upgrades stock to 'outperform' from 'neutral' and raises target price to Rs 415 from Rs 385.
Cipla's shocking 75% price cut of three cancer drugs on Thursday is unlikely to have a major impact on its earnings, analysts say.
Infosys lost 0.3% to Rs 2,394.50, extending losses from a 13% plunge on Friday after a slew of analysts downgraded the stock following its lower-than-expected revenue growth outlook on Friday.
Credit Suisse downgraded Tata Consultancy Services to 'neutral' from 'outperform' on Monday, saying all positives were priced in.