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BPCL increases capex by 35% amid peers' budget cuts

pre-market1 source ↓written by the desknot a recommendation

expenditure plan
35%
for FY27
₹25,000 cr
their budgets
6%
planning
₹32,700 cr
respectively
₹30,000 cr

State-run refiner Bharat Petroleum (BPCL) has raised its capital expenditure plan by 35% to ₹25,000 cr for FY27, focusing on petrochemicals. In contrast, Indian Oil and ONGC have reduced their budgets by 6%, planning ₹32,700 cr and ₹30,000 cr respectively. Overall, state-run oil companies aim for a total spend of ₹1.34 trillion this fiscal year.

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 4 Feb 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BPCL closed +2.4% on the day of the news, from ₹373.45 to ₹382.45; Nifty +0.2% over the same session; futures OI −2.5%.

Bulletin at 07:06 IST on 4 Feb 2026. Every change is measured from ₹373.45, the last close before it, on 3 Feb. 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 it337.90373.45409.00axis spans 21%before the news · 3 Feb373.45Nifty 50BPCLbulletinD0+1+3+529 Jan9 Feb18 FebFutures open interest, lotspeak 19,000Reference close ₹373.45. 16 sessions from 29 Jan to 18 Feb; 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 %
Before3 Feb₹373.45basebase
On the day4 Feb₹382.45▲ +2.4%▲ +0.2%+2.2 pp difference
+1 session5 Feb₹382.05▲ +2.3%▼ −0.3%+2.6 pp difference
+3 sessions9 Feb₹388.30▲ +4.0%▲ +0.5%+3.4 pp difference
+5 sessions11 Feb₹387.60▲ +3.8%▲ +0.9%+2.9 pp difference
Gap at the open, % · ₹
▼ −0.1%−0.45 on 4 Feb
Day's range, % · ₹
3.4%≈ 13 high to low
Volume on the day
1.03×the 20-session average
Futures OI on the day
▼ −2.5%−480 lots · short covering · price +2.4%
Futures OI open, lots
19,0004 Feb · 24 Feb expiry
Futures premium, ₹
+0.75+0.2% to spot
Puts per call, by OI
0.88from 0.70 the session before
Max pain
365from 360 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

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