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Reliance and ONGC sign offshore resource sharing agreement

after close1 source ↓written by the desknot a recommendation

Reliance Industries and ONGC have signed a resource sharing agreement aimed at enhancing offshore energy exploration. This collaboration focuses on the Krishna Godavari basin and Andaman offshore, promoting cost optimisation and improved asset utilisation in deepwater projects. The pact is expected to strengthen synergies between the two major players in India's energy sector.

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, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RELIANCE closed −0.4% on the day of the news, from ₹1,396.70 to ₹1,391.00; Nifty +0.3% over the same session; futures OI +1.9%.

Bulletin at 16:08 IST on 28 Jan 2026. Every change is measured from ₹1,396.70, the last close before it, on 28 Jan. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it129913971494axis spans 15%before the news · 28 Jan1397Nifty 50RELIANCEbulletinD0+1+3+521 Jan2 Feb11 FebFutures open interest, lotspeak 2.7 LReference close ₹1,396.70. 16 sessions from 21 Jan to 11 Feb; the price axis spans 15 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 %
Before28 Jan₹1,396.70basebase
On the day29 Jan₹1,391.00▼ −0.4%▲ +0.3%−0.7 pp difference
+1 session30 Jan₹1,395.40▼ −0.1%▼ −0.1%0.0 pp difference
+3 sessions2 Feb₹1,390.40▼ −0.5%▼ −1.0%+0.6 pp difference
+5 sessions4 Feb₹1,456.80▲ +4.3%▲ +1.7%+2.6 pp difference
Gap at the open, % · ₹
▲ +0.4%+6.15 on 29 Jan
Day's range, % · ₹
1.4%≈ 19 high to low
Volume on the day
1.59×the 20-session average
Futures OI on the day
▲ +1.9%+4,400 lots · short build-up · price −0.4%
Futures OI open, lots
2.4 L29 Jan · 24 Feb expiry
Futures premium, ₹
+7.70+0.6% to spot
Puts per call, by OI
0.64from 0.65 the session before
Max pain
1,410from 1,410 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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