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EnergyOil & GasMedium impactPre-market

Oil and gas stocks rise as crude prices decline

pre-market1 source ↓written by the desknot a recommendation

crude fell below
$110 per barrel
WTI traded below
$103

Oil and gas shares surged on 19 May, buoyed by easing tensions between the US and Iran, which raised hopes for stable crude supply. Shares of BPCL, HPCL, and Adani Total gained nearly 4% as falling crude prices are expected to enhance refining margins. Brent crude fell below $110 per barrel, while WTI traded below $103.

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 20 May 2026, 07:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BPCL closed +2.5% on the day of the news, from ₹286.45 to ₹293.75; Nifty +0.2% over the same session; futures OI −0.1%.

Bulletin at 07:08 IST on 20 May 2026. Every change is measured from ₹286.45, the last close before it, on 19 May. Nifty 50 is measured over the same sessions.

  • BPCL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BPCL closes around the bulletin against the close before the news, with Nifty 50 rebased to it259.18286.45313.72axis spans 21%before the news · 19 May286.45Nifty 50BPCLbulletinD0+1+3+513 May25 May4 JunFutures open interest, lotspeak 32,000Reference close ₹286.45. 16 sessions from 13 May to 4 Jun; the price axis spans 21 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 May₹286.45basebase
On the day20 May₹293.75▲ +2.5%▲ +0.2%+2.4 pp difference
+1 session21 May₹296.40▲ +3.5%▲ +0.2%+3.3 pp difference
+3 sessions25 May₹308.25▲ +7.6%▲ +1.8%+5.9 pp difference
+5 sessions27 May₹307.15▲ +7.2%▲ +1.2%+6.0 pp difference
Gap at the open, % · ₹
▼ −1.6%−4.61 on 20 May
Day's range, % · ₹
5.1%≈ 15 high to low
Volume on the day
0.89×the 20-session average
Futures OI on the day
▼ −0.1%−17 lots · short covering · price +2.5%
Futures OI open, lots
32,00020 May · 26 May expiry
Futures premium, ₹
+0.25+0.1% to spot
Puts per call, by OI
0.71from 0.63 the session before
Max pain
300from 295 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

Thread · BPCLAll BPCL bulletins →

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