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Oil India announces ₹15,000 crore exploration initiative

after close1 source ↓written by the desknot a recommendation

over the next
₹15,000 crore
in deep
48,000 sq km

Oil India plans to invest ₹15,000 crore over the next three years to enhance its offshore deepwater exploration efforts. The company has acquired 48,000 sq km in deep and ultra-deep water blocks, including areas in the KG and Mahanadi basins. This initiative aims to capitalize on the Samudra Manthan scheme and expand its exploration footprint significantly.

The move is expected to strengthen Oil India's position in the energy sector and may positively impact investor sentiment as the company identifies potential drilling blocks.

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 18 Sept 2026, 16:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

OIL closed +0.6% on the day of the news, from ₹475.70 to ₹478.35; Nifty +0.3% over the same session; futures OI 0.0%.

Bulletin at 16:12 IST on 18 Sept 2026. Every change is measured from ₹475.70, the last close before it, on 18 Sept. Nifty 50 is measured over the same sessions.

  • OIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
OIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it423.18475.70528.22axis spans 25%before the news · 18 Sept475.70Nifty 50OILbulletinD0+1+3+511 Sept23 Sept1 OctFutures open interest, lotspeak 11,000Reference close ₹475.70. 14 sessions from 11 Sept to 1 Oct; the price axis spans 25 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 %
Before18 Sept₹475.70basebase
On the day21 Sept₹478.35▲ +0.6%▲ +0.3%+0.3 pp difference
+1 session22 Sept₹467.00▼ −1.8%▼ −0.1%−1.8 pp difference
+3 sessions24 Sept₹479.00▲ +0.7%▼ −1.2%+1.9 pp difference
+5 sessions28 Sept₹468.00▼ −1.6%▼ −2.4%+0.8 pp difference
Gap at the open, % · ₹
0.0%0.00 on 21 Sept
Day's range, % · ₹
1.5%≈ 7.3 high to low
Volume on the day
0.35×the 20-session average
Futures OI on the day
0.0%+4.0 lots · long build-up · price +0.6%
Futures OI open, lots
10,00021 Sept · 29 Sept expiry
Futures premium, ₹
+1.15+0.2% to spot
Puts per call, by OI
0.60from 0.56 the session before
Max pain
495from 495 the session before

Source NSE UDiFF bhavcopy · OIL on the desk →

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