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ONGC and bp sign contract for Western Offshore Basin production

pre-market1 source ↓written by the desknot a recommendation

of India’s domestic
64%

ONGC and bp have signed a Technical Services Contract to enhance production in the Western Offshore Basin. This agreement expands their collaboration, with bp appointed as the TSP for ONGC’s fields, which account for 64% of India’s domestic crude oil and natural gas production. This move is expected to strengthen India's energy security significantly.

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 28 Jun 2026, 07:06 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 07:06 IST on 28 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 →

Thread · ONGCAll ONGC bulletins →

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