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State refiners' profits soar 457% in Q2

market hours1 source ↓written by the desknot a recommendation

year-on-year
457%
in Q2
₹17,882 cr
Russian crude fell
40%
of total intake
24%

Profits at India’s state-run oil refiners surged 457% year-on-year to ₹17,882 cr in Q2, driven by lower crude prices and robust refining margins. Notably, imports of Russian crude fell 40%, now comprising just 24% of total intake. This indicates a shift towards more favorable global pricing dynamics for refiners. ⚡

Immediate market implications suggest improved profitability for these companies, potentially enhancing 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 6 Nov 2025, 12:05 IST.

Sourcesnews.google.com

The market after the news

IOC closed −0.5% on the day of the news, from ₹169.25 to ₹168.37; Nifty −0.3% over the same session; futures OI −4.0%.

Bulletin at 12:05 IST on 6 Nov 2025. Every change is measured from ₹169.25, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • IOC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IOC closes around the bulletin against the close before the news, with Nifty 50 rebased to it155.10169.25183.40axis spans 18%before the news · 4 Nov169.25Nifty 50IOCbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 23,000Reference close ₹169.25. 16 sessions from 29 Oct to 20 Nov; the price axis spans 18 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₹169.25basebase
On the day6 Nov₹168.37▼ −0.5%▼ −0.3%−0.2 pp difference
+1 session7 Nov₹169.16▼ −0.1%▼ −0.4%+0.4 pp difference
+3 sessions11 Nov₹172.44▲ +1.9%▲ +0.4%+1.5 pp difference
+5 sessions13 Nov₹172.45▲ +1.9%▲ +1.1%+0.8 pp difference
Gap at the open, % · ₹
▲ +0.5%+0.76 on 6 Nov
Day's range, % · ₹
1.6%≈ 2.7 high to low
Volume on the day
1.22×the 20-session average
Futures OI on the day
▼ −4.0%−820 lots · long unwinding · price −0.5%
Futures OI open, lots
20,0006 Nov · 25 Nov expiry
Futures premium, ₹
+0.20+0.1% to spot
Puts per call, by OI
1.09from 1.11 the session before
Max pain
163from 163 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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