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EnergyMedium impactAfter close

Lower oil prices to impact earnings outlook for IOC, BPCL, HPCL

after close1 source ↓written by the desknot a recommendation

a surplus
2 mbpd

Ongoing restrictions on Russian crude and a global oil surplus are expected to keep crude prices subdued, impacting earnings for state-run oil marketing companies IOC, BPCL, and HPCL. FGE Nexant estimates a surplus of 2 mbpd, with Brent crude projected to trade between USD 55-60 per barrel in 2026. Lower prices may reduce input costs and ease domestic fuel pricing pressures.

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 19 Dec 2025, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed +0.7% on the day of the news, from ₹162.60 to ₹163.66; Nifty +0.8% over the same session; futures OI −1.4%.

Bulletin at 16:05 IST on 19 Dec 2025. Every change is measured from ₹162.60, the last close before it, on 19 Dec. 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 it149.01162.60176.19axis spans 18%before the news · 19 Dec162.60Nifty 50IOCbulletinD0+1+3+515 Dec26 Dec6 JanFutures open interest, lotspeak 22,000Reference close ₹162.60. 16 sessions from 15 Dec to 6 Jan; 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 %
Before19 Dec₹162.60basebase
On the day22 Dec₹163.66▲ +0.7%▲ +0.8%−0.1 pp difference
+1 session23 Dec₹163.27▲ +0.4%▲ +0.8%−0.4 pp difference
+3 sessions26 Dec₹160.30▼ −1.4%▲ +0.3%−1.7 pp difference
+5 sessions30 Dec₹161.57▼ −0.6%▼ −0.1%−0.5 pp difference
Gap at the open, % · ₹
0.0%0.00 on 22 Dec
Day's range, % · ₹
1.4%≈ 2.3 high to low
Volume on the day
0.75×the 20-session average
Futures OI on the day
▼ −1.4%−270 lots · short covering · price +0.7%
Futures OI open, lots
20,00022 Dec · 30 Dec expiry
Futures premium, ₹
+0.37+0.2% to spot
Puts per call, by OI
0.69from 0.66 the session before
Max pain
162from 162 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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