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EnergyManufacturingHigh impactPre-market

Crude oil above $120 weighs on Indian equities

pre-market1 source ↓written by the desknot a recommendation

dropped
582.86 points
76,913.50
declined
180.10 points
23,997.55
intraday before recovering
1,237.5 points

Benchmark stock indices Sensex and Nifty fell nearly 1% on Thursday, driven by crude oil prices above $120, weak global cues, and foreign fund outflows. The BSE Sensex dropped 582.86 points to 76,913.50, while the NSE Nifty declined 180.10 points to 23,997.55. Major laggards included Tata Steel and Larsen & Toubro.

• FIIs offloaded equities worth ₹2,468.42 cr

• Sensex plunged 1,237.5 points intraday before recovering

• Volatile session marked by shifting investor sentiment

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 2 May 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed +0.4% on the day of the news, from ₹211.36 to ₹212.24; Nifty +0.5% over the same session; futures OI +0.1%.

Bulletin at 07:06 IST on 2 May 2026. Every change is measured from ₹211.36, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it188.19211.36234.53axis spans 25%before the news · 30 Apr211.36Nifty 50TATASTEELbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 74,000Reference close ₹211.36. 16 sessions from 24 Apr to 18 May; the price axis spans 25 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 %
Before30 Apr₹211.36basebase
On the day4 May₹212.24▲ +0.4%▲ +0.5%−0.1 pp difference
+1 session5 May₹211.320.0%▲ +0.1%−0.2 pp difference
+3 sessions7 May₹217.09▲ +2.7%▲ +1.4%+1.3 pp difference
+5 sessions11 May₹212.08▲ +0.3%▼ −0.8%+1.1 pp difference
Gap at the open, % · ₹
▲ +0.6%+1.18 on 4 May
Day's range, % · ₹
1.5%≈ 3.1 high to low
Volume on the day
0.82×the 20-session average
Futures OI on the day
▲ +0.1%+43 lots · long build-up · price +0.4%
Futures OI open, lots
67,0004 May · 26 May expiry
Futures premium, ₹
+0.63+0.3% to spot
Puts per call, by OI
0.66from 0.61 the session before
Max pain
210from 210 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

Thread · TATASTEELAll TATASTEEL bulletins →

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