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ONGC and bp sign contract to boost Western Offshore production

after close1 source ↓written by the desknot a recommendation

25 June 2026
comprising
43 blocks
of domestic crude
64%

ONGC and bp signed a Technical Services Contract on 25 June 2026, enhancing production from fields in the Western Offshore Basin. This basin, comprising 43 blocks, is crucial for India's energy security, contributing 64% of domestic crude oil and gas production. The agreement signifies an expanded collaboration between the two firms, aimed at optimizing hydrocarbon output.

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 25 Jun 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +0.4% on the day of the news, from ₹233.10 to ₹234.05; Nifty −0.5% over the same session; futures OI +0.1%.

Bulletin at 16:05 IST on 25 Jun 2026. Every change is measured from ₹233.10, the last close before it, on 25 Jun. Nifty 50 is measured over the same sessions.

  • ONGC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ONGC closes around the bulletin against the close before the news, with Nifty 50 rebased to it213.24233.10252.96axis spans 19%before the news · 25 Jun233.10Nifty 50ONGCbulletinD0+1+3+519 Jun2 Jul13 JulFutures open interest, lotspeak 51,000Reference close ₹233.10. 16 sessions from 19 Jun to 13 Jul; the price axis spans 19 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 %
Before25 Jun₹233.10basebase
On the day29 Jun₹234.05▲ +0.4%▼ −0.5%+0.9 pp difference
+1 session30 Jun₹234.90▲ +0.8%▼ −0.8%+1.6 pp difference
+3 sessions2 Jul₹235.96▲ +1.2%▲ +0.5%+0.7 pp difference
+5 sessions6 Jul₹243.90▲ +4.6%▲ +1.6%+3.1 pp difference
Gap at the open, % · ₹
▲ +0.4%+0.91 on 29 Jun
Day's range, % · ₹
3.2%≈ 7.5 high to low
Volume on the day
2.20×the 20-session average
Futures OI on the day
▲ +0.1%+74 lots · long build-up · price +0.4%
Futures OI open, lots
51,00029 Jun · 30 Jun expiry
Futures premium, ₹
−1.50−0.6% to spot
Puts per call, by OI
0.59from 0.33 the session before
Max pain
250from 250 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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