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ShippingEnergyHigh impactPre-market

India to tender ₹51,000 crore for 62 vessels

pre-market1 source ↓written by the desknot a recommendation

to enhance
62 vessels worth ₹51,000 crore
to improve energy
437 vessels by 2042

India plans to float tenders this financial year for 62 vessels worth ₹51,000 crore to enhance its domestic shipping capacity. This initiative, led by the Shipping Corporation of India and state-run oil and gas firms, aims to reduce reliance on foreign shipping amid ongoing geopolitical tensions. The government targets 437 vessels by 2042 to improve energy security and maritime trade resilience.

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, 07:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SCI closed +4.6% on the day of the news, from ₹304.48 to ₹318.55; Nifty +0.5% over the same session.

Bulletin at 07:12 IST on 2 May 2026. Every change is measured from ₹304.48, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • SCI close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
SCI closes around the bulletin against the close before the news, with Nifty 50 rebased to it268.19306.44344.70axis spans 29%before the news · 30 Apr304.48Nifty 50SCIbulletinD0+1+3+524 Apr7 May18 MayReference close ₹304.48. 16 sessions from 24 Apr to 18 May; the price axis spans 29 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₹304.48basebase
On the day4 May₹318.55▲ +4.6%▲ +0.5%+4.1 pp difference
+1 session5 May₹320.35▲ +5.2%▲ +0.1%+5.1 pp difference
+3 sessions7 May₹319.60▲ +5.0%▲ +1.4%+3.6 pp difference
+5 sessions11 May₹340.65▲ +11.9%▼ −0.8%+12.6 pp difference
Gap at the open, % · ₹
▲ +0.8%+2.47 on 4 May
Day's range, % · ₹
6.0%≈ 18 high to low
Volume on the day
1.03×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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