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EnergyPre-market

Reliance shifts strategy to sell Middle East crude oil

pre-market1 source ↓written by the desknot a recommendation

Reliance Industries Ltd is reportedly moving to sell cargoes of Middle Eastern crude, a notable change for the major refiner. The company has offered grades like Murban and Upper Zakum to buyers domestically and internationally. This shift highlights evolving market dynamics as Indian refiners adapt to geopolitical pressures and restrictions on Russian oil. ⚡

• Sold a cargo of Iraqi Basrah Medium crude to Greece.

• Reliance typically imports large volumes for its Jamnagar refinery.

Immediate market implications may arise as traders assess the impact on crude supply.

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 7 Nov 2025, 07:16 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed −1.2% on the day of the news, from ₹1,496.10 to ₹1,478.00; Nifty −0.1% over the same session; futures OI −0.5%.

Bulletin at 07:16 IST on 7 Nov 2025. Every change is measured from ₹1,496.10, the last close before it, on 6 Nov. 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 it139214961600axis spans 15%before the news · 6 Nov1496Nifty 50RELIANCEbulletinD0+1+3+530 Oct12 Nov21 NovFutures open interest, lotspeak 2.3 LReference close ₹1,496.10. 16 sessions from 30 Oct to 21 Nov; 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 %
Before6 Nov₹1,496.10basebase
On the day7 Nov₹1,478.00▼ −1.2%▼ −0.1%−1.1 pp difference
+1 session10 Nov₹1,489.30▼ −0.5%▲ +0.3%−0.7 pp difference
+3 sessions12 Nov₹1,511.50▲ +1.0%▲ +1.4%−0.4 pp difference
+5 sessions14 Nov₹1,518.90▲ +1.5%▲ +1.6%−0.1 pp difference
Gap at the open, % · ₹
▼ −0.1%−1.50 on 7 Nov
Day's range, % · ₹
1.5%≈ 22 high to low
Volume on the day
0.66×the 20-session average
Futures OI on the day
▼ −0.5%−1,200 lots · long unwinding · price −1.2%
Futures OI open, lots
2.2 L7 Nov · 25 Nov expiry
Futures premium, ₹
+6.60+0.5% to spot
Puts per call, by OI
0.63from 0.73 the session before
Max pain
1,500from 1,500 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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