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Odisha initiates land acquisition for ₹58,042 cr petrochemical project

after close1 source ↓written by the desknot a recommendation

petrochemical complex
₹58,042 cr
of land
219.617 acres

The Odisha government has begun the land acquisition process for a ₹58,042 cr petrochemical complex in Jagatsinghpur district. This involves a social impact assessment and acquisition of 219.617 acres of land at Badakantakandha village. The project, in collaboration with Indian Oil Corporation, aims to enhance regional industrial capacity and attract further investments.

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 26 Jul 2026, 16:02 IST.

Sourcesnews.google.com

The market after the news

IOC closed +2.2% on the day of the news, from ₹138.47 to ₹141.52; Nifty +1.0% over the same session; futures OI 0.0%.

Bulletin at 16:02 IST on 26 Jul 2026. Every change is measured from ₹138.47, the last close before it, on 24 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 it126.89138.47150.05axis spans 18%before the news · 24 Jul138.47Nifty 50IOCbulletinD0+1+3+520 Jul30 Jul10 AugFutures open interest, lotspeak 34,000Reference close ₹138.47. 16 sessions from 20 Jul to 10 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 %
Before24 Jul₹138.47basebase
On the day27 Jul₹141.52▲ +2.2%▲ +1.0%+1.2 pp difference
+1 session28 Jul₹141.28▲ +2.0%▲ +0.9%+1.1 pp difference
+3 sessions30 Jul₹139.94▲ +1.1%▲ +2.3%−1.3 pp difference
+5 sessions3 Aug₹143.70▲ +3.8%▲ +4.2%−0.5 pp difference
Gap at the open, % · ₹
▲ +1.5%+2.04 on 27 Jul
Day's range, % · ₹
1.5%≈ 2.1 high to low
Volume on the day
0.56×the 20-session average
Futures OI on the day
0.0%+9.0 lots · long build-up · price +2.2%
Futures OI open, lots
34,00027 Jul · 28 Jul expiry
Futures premium, ₹
+0.24+0.2% to spot
Puts per call, by OI
0.79from 0.78 the session before
Max pain
142from 142 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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