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ONGC JV signs shipbuilding contracts for ethane carriers

pre-market1 source ↓written by the desknot a recommendation

Oil and Natural Gas Corporation Ltd (ONGC) announced that its joint venture with Mitsui O.S.K. Lines has signed contracts with Samsung Heavy Industries for two Very Large Ethane Carriers (VLECs). This collaboration aims to enhance India's energy ecosystem by securing marine logistics for ethane, crucial for petrochemical operations. The vessels will support stable supply chains in the industry.

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 Jan 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +8.3% on the day of the news, from ₹247.95 to ₹268.58; Nifty +0.7% over the same session; futures OI +8.4%.

Bulletin at 07:03 IST on 28 Jan 2026. Every change is measured from ₹247.95, the last close before it, on 27 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 it226.82251.11275.39axis spans 21%before the news · 27 Jan247.95Nifty 50ONGCbulletinD0+1+3+520 Jan1 Feb10 FebFutures open interest, lotspeak 55,000Reference close ₹247.95. 16 sessions from 20 Jan to 10 Feb; 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 %
Before27 Jan₹247.95basebase
On the day28 Jan₹268.58▲ +8.3%▲ +0.7%+7.7 pp difference
+1 session29 Jan₹275.39▲ +11.1%▲ +1.0%+10.1 pp difference
+3 sessions1 Feb₹254.30▲ +2.6%▼ −1.4%+4.0 pp difference
+5 sessions3 Feb₹257.00▲ +3.6%▲ +2.2%+1.5 pp difference
Gap at the open, % · ₹
▲ +0.5%+1.24 on 28 Jan
Day's range, % · ₹
8.3%≈ 20 high to low
Volume on the day
6.13×the 20-session average
Futures OI on the day
▲ +8.4%+3,200 lots · long build-up · price +8.3%
Futures OI open, lots
41,00028 Jan · 24 Feb expiry
Futures premium, ₹
−0.63−0.2% to spot
Puts per call, by OI
0.88from 0.53 the session before
Max pain
257from 240 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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