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EnergyHigh impactPre-market

India's Russian crude imports to decline sharply after US sanctions

pre-market1 source ↓written by the desknot a recommendation

take effect
21 Nov 2023
Current imports average
1.7 million bpd
by January
400,000 bpd

India's imports of Russian crude oil are set to drop sharply as new US sanctions on Rosneft and Lukoil take effect from 21 Nov 2023. Current imports average 1.7 million bpd, but projections suggest a decline to 400,000 bpd by January. Major refiners have halted imports, impacting supply dynamics significantly.

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 24 Nov 2025, 07:08 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed −0.7% on the day of the news, from ₹1,546.60 to ₹1,535.90; Nifty −0.4% over the same session; futures OI +2.4%.

Bulletin at 07:08 IST on 24 Nov 2025. Every change is measured from ₹1,546.60, the last close before it, on 21 Nov. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it143915471654axis spans 15%before the news · 21 Nov1547Nifty 50RELIANCEbulletinD0+1+3+517 Nov27 Nov8 DecFutures open interest, lotspeak 2.3 LReference close ₹1,546.60. 16 sessions from 17 Nov to 8 Dec; the price axis spans 15 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 Nov₹1,546.60basebase
On the day24 Nov₹1,535.90▼ −0.7%▼ −0.4%−0.3 pp difference
+1 session25 Nov₹1,539.70▼ −0.5%▼ −0.7%+0.3 pp difference
+3 sessions27 Nov₹1,563.40▲ +1.1%▲ +0.6%+0.5 pp difference
+5 sessions1 Dec₹1,566.10▲ +1.3%▲ +0.4%+0.8 pp difference
Gap at the open, % · ₹
▲ +0.2%+3.40 on 24 Nov
Day's range, % · ₹
1.2%≈ 18 high to low
Volume on the day
1.79×the 20-session average
Futures OI on the day
▲ +2.4%+5,200 lots · short build-up · price −0.7%
Futures OI open, lots
2.2 L24 Nov · 25 Nov expiry
Futures premium, ₹
+2.40+0.2% to spot
Puts per call, by OI
0.68from 0.69 the session before
Max pain
1,510from 1,510 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

Thread · RELIANCEAll RELIANCE bulletins →

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