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EnergyMedium impactAfter close

ONGC to increase deepwater drilling and capex to boost output

after close1 source ↓written by the desknot a recommendation

annually in deepwater
100 exploratory wells
fell
21.1 MMT in 2015-16
18.1 MMT in 2023-24
expected
18.56 MMT in 2024-25

State-run Oil and Natural Gas Corporation (ONGC) plans to drill up to 100 exploratory wells annually in deepwater areas to reverse declining crude oil output. Standalone production fell from 21.1 MMT in 2015-16 to 18.1 MMT in 2023-24, with a slight rise to 18.56 MMT in 2024-25 expected. This strategic shift aims for higher-risk, higher-reward finds.

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 29 Jan 2026, 16:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed −2.3% on the day of the news, from ₹275.39 to ₹268.96; Nifty −0.4% over the same session; futures OI −0.3%.

Bulletin at 16:09 IST on 29 Jan 2026. Every change is measured from ₹275.39, the last close before it, on 29 Jan. 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 it244.01271.43298.85axis spans 22%before the news · 29 Jan275.39Nifty 50ONGCbulletinD0+1+3+522 Jan3 Feb12 FebFutures open interest, lotspeak 55,000Reference close ₹275.39. 16 sessions from 22 Jan to 12 Feb; 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 %
Before29 Jan₹275.39basebase
On the day30 Jan₹268.96▼ −2.3%▼ −0.4%−1.9 pp difference
+1 session1 Feb₹254.30▼ −7.7%▼ −2.3%−5.3 pp difference
+3 sessions3 Feb₹257.00▼ −6.7%▲ +1.2%−7.9 pp difference
+5 sessions5 Feb₹269.20▼ −2.3%▲ +0.9%−3.1 pp difference
Gap at the open, % · ₹
▼ −0.5%−1.49 on 30 Jan
Day's range, % · ₹
3.1%≈ 8.5 high to low
Volume on the day
1.43×the 20-session average
Futures OI on the day
▼ −0.3%−140 lots · long unwinding · price −2.3%
Futures OI open, lots
41,00030 Jan · 24 Feb expiry
Futures premium, ₹
−0.61−0.2% to spot
Puts per call, by OI
0.63from 0.78 the session before
Max pain
260from 260 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

Thread · ONGCAll ONGC bulletins →

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