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Oil and gasMedium impactAfter close

Oil and gas stocks rise despite rising crude prices

after close1 source ↓written by the desknot a recommendation

despite Brent crude
1%
per barrel due
$78.92

Oil and gas stocks surged on Thursday, with the Nifty Oil & Gas index climbing nearly 1%. Mahanagar Gas led the rally, gaining nearly 3%. Other notable performers included Petronet LNG, Reliance Industries, and GAIL, each rising over 1% despite Brent crude prices hitting $78.92 per barrel due to escalating US-Iran tensions. ⚡

The ongoing conflict is likely to keep crude prices elevated, impacting global energy supplies and market sentiment.

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 9 Jul 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

MGL closed +0.3% on the day of the news, from ₹1,122.70 to ₹1,126.30; Nifty +1.0% over the same session.

Bulletin at 16:07 IST on 9 Jul 2026. Every change is measured from ₹1,122.70, the last close before it, on 9 Jul. Nifty 50 is measured over the same sessions.

  • MGL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
MGL closes around the bulletin against the close before the news, with Nifty 50 rebased to it101311231233axis spans 22%before the news · 9 Jul1123Nifty 50MGLbulletinD0+1+3+53 Jul15 Jul24 JulReference close ₹1,122.70. 16 sessions from 3 Jul to 24 Jul; the price axis spans 22 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 %
Before9 Jul₹1,122.70basebase
On the day10 Jul₹1,126.30▲ +0.3%▲ +1.0%−0.7 pp difference
+1 session13 Jul₹1,114.40▼ −0.7%▲ +1.0%−1.8 pp difference
+3 sessions15 Jul₹1,106.40▼ −1.4%▲ +0.5%−1.9 pp difference
+5 sessions17 Jul₹1,100.40▼ −2.0%▲ +1.6%−3.5 pp difference
Gap at the open, % · ₹
0.0%+0.34 on 10 Jul
Day's range, % · ₹
0.92%≈ 10 high to low
Volume on the day
0.51×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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