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EnergyPre-market

India to cut Russian crude imports amid US sanctions

pre-market1 source ↓written by the desknot a recommendation

India plans to reduce direct imports of Russian crude from late November due to new US sanctions on Rosneft and Lukoil. This move is expected to lead to a sharp decline in Russian oil arrivals in December, impacting refiners like Reliance Industries Ltd. Traders should anticipate volatility in oil prices as compliance unfolds.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Nov 2025, 07:08 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed +1.6% on the day of the news, from ₹1,473.10 to ₹1,496.10; Nifty −0.3% over the same session; futures OI −1.4%.

Bulletin at 07:08 IST on 6 Nov 2025. Every change is measured from ₹1,473.10, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it137114731576axis spans 15%before the news · 4 Nov1473Nifty 50RELIANCEbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 2.3 LReference close ₹1,473.10. 16 sessions from 29 Oct to 20 Nov; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹1,473.10basebase
On the day6 Nov₹1,496.10▲ +1.6%▼ −0.3%+1.9 pp difference
+1 session7 Nov₹1,478.00▲ +0.3%▼ −0.4%+0.7 pp difference
+3 sessions11 Nov₹1,493.40▲ +1.4%▲ +0.4%+1.0 pp difference
+5 sessions13 Nov₹1,510.90▲ +2.6%▲ +1.1%+1.5 pp difference
Gap at the open, % · ₹
▲ +0.7%+10.90 on 6 Nov
Day's range, % · ₹
1.7%≈ 25 high to low
Volume on the day
1.46×the 20-session average
Futures OI on the day
▼ −1.4%−3,200 lots · short covering · price +1.6%
Futures OI open, lots
2.3 L6 Nov · 25 Nov expiry
Futures premium, ₹
+3.30+0.2% to spot
Puts per call, by OI
0.73from 0.74 the session before
Max pain
1,500from 1,490 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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