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Indian Oil Corp cancels Iraqi oil lifting due to Hormuz risks

after close1 source ↓written by the desknot a recommendation

Indian Oil Corp has cancelled lifting 2 million barrels of Iraqi oil from Basrah Oil Terminal due to heightened risks from attacks in the Strait of Hormuz. Another state refiner, Mangalore Refinery and Petrochemicals, also halted its plans for oil lifting. This decision reflects the increasing volatility in the region, impacting supply chains and pricing.

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 21 Jul 2026, 16:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed −0.9% on the day of the news, from ₹143.30 to ₹142.03; Nifty −0.8% over the same session; futures OI −0.6%.

Bulletin at 16:11 IST on 21 Jul 2026. Every change is measured from ₹143.30, the last close before it, on 21 Jul. 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 it131.32143.30155.28axis spans 18%before the news · 21 Jul143.30Nifty 50IOCbulletinD0+1+3+515 Jul27 Jul5 AugFutures open interest, lotspeak 34,000Reference close ₹143.30. 16 sessions from 15 Jul to 5 Aug; 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 %
Before21 Jul₹143.30basebase
On the day22 Jul₹142.03▼ −0.9%▼ −0.8%−0.1 pp difference
+1 session23 Jul₹139.92▼ −2.4%▼ −1.3%−1.0 pp difference
+3 sessions27 Jul₹141.52▼ −1.2%▼ −0.8%−0.5 pp difference
+5 sessions29 Jul₹140.11▼ −2.2%▲ +0.3%−2.5 pp difference
Gap at the open, % · ₹
▼ −0.6%−0.85 on 22 Jul
Day's range, % · ₹
1.5%≈ 2.1 high to low
Volume on the day
0.59×the 20-session average
Futures OI on the day
▼ −0.6%−200 lots · long unwinding · price −0.9%
Futures OI open, lots
32,00022 Jul · 28 Jul expiry
Futures premium, ₹
+0.060.0% to spot
Puts per call, by OI
0.70from 0.68 the session before
Max pain
142from 142 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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