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EnergyHigh impactPre-market

ONGC plans India's first strategic natural gas reserve

pre-market1 source ↓written by the desknot a recommendation

of its natural
55%
annually
$15 billion
strategic crude oil
1.75 million-tonne

State-run Oil and Natural Gas Corp. Ltd is set to establish India's first strategic natural gas reserve near its western gas-producing assets. This initiative aims to mitigate the impact of global energy supply disruptions, particularly amid the ongoing West Asia conflict, as India imports 55% of its natural gas, valued at $15 billion annually.

The move follows ONGC's recent announcement of a 1.75 million-tonne strategic crude oil storage facility, enhancing India's energy security amid rising geopolitical tensions.

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 23 Jul 2026, 07:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +0.2% on the day of the news, from ₹251.90 to ₹252.37; Nifty −0.5% over the same session; futures OI +0.8%.

Bulletin at 07:11 IST on 23 Jul 2026. Every change is measured from ₹251.90, the last close before it, on 22 Jul. 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 it230.44251.90273.36axis spans 19%before the news · 22 Jul251.90Nifty 50ONGCbulletinD0+1+3+516 Jul28 Jul6 AugFutures open interest, lotspeak 41,000Reference close ₹251.90. 16 sessions from 16 Jul to 6 Aug; 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 %
Before22 Jul₹251.90basebase
On the day23 Jul₹252.37▲ +0.2%▼ −0.5%+0.7 pp difference
+1 session24 Jul₹248.76▼ −1.3%▼ −0.9%−0.3 pp difference
+3 sessions28 Jul₹238.91▼ −5.2%▼ −0.1%−5.1 pp difference
+5 sessions30 Jul₹241.59▼ −4.1%▲ +1.3%−5.4 pp difference
Gap at the open, % · ₹
▲ +0.8%+2.04 on 23 Jul
Day's range, % · ₹
0.87%≈ 2.2 high to low
Volume on the day
0.57×the 20-session average
Futures OI on the day
▲ +0.8%+320 lots · long build-up · price +0.2%
Futures OI open, lots
40,00023 Jul · 28 Jul expiry
Futures premium, ₹
−0.22−0.1% to spot
Puts per call, by OI
0.55from 0.50 the session before
Max pain
245from 245 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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