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Indian Oil signs LOI with Akasa Air for sustainable fuel supply

after close1 source ↓written by the desknot a recommendation

Indian Oil Corporation has signed a Letter of Intent with Akasa Air at Wings India 2026 to supply Sustainable Aviation Fuel (SAF). This partnership aims to significantly reduce carbon emissions in the aviation sector, aligning with sustainability goals. The agreement marks a pivotal step in advancing eco-friendly air travel in India.

• Signing Date: 29 January 2026

• Location: Hyderabad

• Focus Area: Sustainable Aviation Fuel Supply

This collaboration may enhance market sentiment around sustainable energy initiatives.

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 29 Jan 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed +0.1% on the day of the news, from ₹163.09 to ₹163.24; Nifty −0.4% over the same session; futures OI −1.2%.

Bulletin at 16:07 IST on 29 Jan 2026. Every change is measured from ₹163.09, the last close before it, on 29 Jan. 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 it149.46165.38181.31axis spans 21%before the news · 29 Jan163.09Nifty 50IOCbulletinD0+1+3+522 Jan3 Feb12 FebFutures open interest, lotspeak 21,000Reference close ₹163.09. 16 sessions from 22 Jan to 12 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 %
Before29 Jan₹163.09basebase
On the day30 Jan₹163.24▲ +0.1%▼ −0.4%+0.5 pp difference
+1 session1 Feb₹159.69▼ −2.1%▼ −2.3%+0.3 pp difference
+3 sessions3 Feb₹167.58▲ +2.8%▲ +1.2%+1.5 pp difference
+5 sessions5 Feb₹175.77▲ +7.8%▲ +0.9%+6.9 pp difference
Gap at the open, % · ₹
▼ −0.1%−0.10 on 30 Jan
Day's range, % · ₹
1.8%≈ 3.0 high to low
Volume on the day
1.01×the 20-session average
Futures OI on the day
▼ −1.2%−210 lots · short covering · price +0.1%
Futures OI open, lots
18,00030 Jan · 24 Feb expiry
Futures premium, ₹
−0.010.0% to spot
Puts per call, by OI
0.77from 0.79 the session before
Max pain
160from 160 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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