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EnergyUtilitiesMedium impactPre-market

Citi initiates buy on NTPC and three utility firms

pre-market1 source ↓written by the desknot a recommendation

indicating
22% upside

Global brokerage firm Citi has initiated coverage on India's utility sector, assigning Buy ratings to NTPC, Power Grid Corporation, Tata Power, and JSW Energy. NTPC is highlighted as the top pick with a target price of ₹485, indicating a 22% upside. The sector is poised for a multi-year investment cycle, driven by rising electrification and renewable energy demand, despite challenges like execution delays and regulatory risks.

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 13 May 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

NTPC closed −0.6% on the day of the news, from ₹392.70 to ₹390.45; Nifty +0.1% over the same session; futures OI +0.9%.

Bulletin at 07:07 IST on 13 May 2026. Every change is measured from ₹392.70, the last close before it, on 12 May. Nifty 50 is measured over the same sessions.

  • NTPC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
NTPC closes around the bulletin against the close before the news, with Nifty 50 rebased to it366.00392.70419.40axis spans 15%before the news · 12 May392.70Nifty 50NTPCbulletinD0+1+3+56 May18 May27 MayFutures open interest, lotspeak 95,000Reference close ₹392.70. 16 sessions from 6 May to 27 May; 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 %
Before12 May₹392.70basebase
On the day13 May₹390.45▼ −0.6%▲ +0.1%−0.7 pp difference
+1 session14 May₹396.30▲ +0.9%▲ +1.3%−0.4 pp difference
+3 sessions18 May₹388.30▼ −1.1%▲ +1.2%−2.3 pp difference
+5 sessions20 May₹392.45▼ −0.1%▲ +1.2%−1.3 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.71 on 13 May
Day's range, % · ₹
2.1%≈ 8.2 high to low
Volume on the day
1.24×the 20-session average
Futures OI on the day
▲ +0.9%+710 lots · short build-up · price −0.6%
Futures OI open, lots
80,00013 May · 26 May expiry
Futures premium, ₹
+1.75+0.5% to spot
Puts per call, by OI
0.24from 0.24 the session before
Max pain
400from 400 the session before

Source NSE UDiFF bhavcopy · NTPC on the desk →

Thread · NTPCAll NTPC bulletins →

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