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EnergyHigh impactPre-market

BPCL acquires full stake in Brazilian oil and gas joint venture

pre-market1 source ↓written by the desknot a recommendation

of annual equity
1 Mtoe

Bharat Petroleum Corporation Ltd (BPCL) has acquired Videocon’s remaining stake in IBV Brasil Petroleo Ltd, increasing its ownership to 100%. This acquisition is projected to add 1 Mtoe of annual equity production from BM-SEAL-11, enhancing BPCL’s global energy portfolio and supporting India’s long-term energy security. 🌍💼

This strategic move strengthens BPCL’s position in the international oil and gas market, aligning with its goal to expand overseas operations.

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 3 Jul 2026, 07:05 IST.

Sourcesnews.google.com

The market after the news

BPCL closed −0.7% on the day of the news, from ₹310.45 to ₹308.15; Nifty +0.4% over the same session; futures OI −0.3%.

Bulletin at 07:05 IST on 3 Jul 2026. Every change is measured from ₹310.45, the last close before it, on 2 Jul. Nifty 50 is measured over the same sessions.

  • BPCL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BPCL closes around the bulletin against the close before the news, with Nifty 50 rebased to it280.90310.45340.00axis spans 21%before the news · 2 Jul310.45Nifty 50BPCLbulletinD0+1+3+525 Jun8 Jul17 JulFutures open interest, lotspeak 25,000Reference close ₹310.45. 16 sessions from 25 Jun to 17 Jul; the price axis spans 21 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 %
Before2 Jul₹310.45basebase
On the day3 Jul₹308.15▼ −0.7%▲ +0.4%−1.1 pp difference
+1 session6 Jul₹308.15▼ −0.7%▲ +1.1%−1.8 pp difference
+3 sessions8 Jul₹303.55▼ −2.2%▼ −1.2%−1.0 pp difference
+5 sessions10 Jul₹309.75▼ −0.2%▲ +0.1%−0.4 pp difference
Gap at the open, % · ₹
▲ +1.0%+3.14 on 3 Jul
Day's range, % · ₹
2.2%≈ 6.9 high to low
Volume on the day
0.36×the 20-session average
Futures OI on the day
▼ −0.3%−62 lots · long unwinding · price −0.7%
Futures OI open, lots
24,0003 Jul · 28 Jul expiry
Futures premium, ₹
+1.50+0.5% to spot
Puts per call, by OI
0.60from 0.62 the session before
Max pain
310from 310 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

Thread · BPCLAll BPCL bulletins →

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