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EnergyManufacturingHigh impactPre-market

Reliance stops Russian crude processing at Jamnagar refinery

pre-market1 source ↓written by the desknot a recommendation

SEZ refinery effective
20 Nov 2023

Reliance Industries Ltd has ceased processing Russian crude oil at its Jamnagar SEZ refinery effective 20 Nov 2023. This decision aligns with EU sanctions aimed at restricting Russian energy revenues. As India's largest buyer of Russian oil, this move may impact fuel exports to key markets, including the EU and US. ⚡

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 21 Nov 2025, 07:12 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed −0.2% on the day of the news, from ₹1,549.10 to ₹1,546.60; Nifty −0.5% over the same session; futures OI −1.0%.

Bulletin at 07:12 IST on 21 Nov 2025. Every change is measured from ₹1,549.10, the last close before it, on 20 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 it144115491657axis spans 15%before the news · 20 Nov1549Nifty 50RELIANCEbulletinD0+1+3+514 Nov26 Nov5 DecFutures open interest, lotspeak 2.3 LReference close ₹1,549.10. 16 sessions from 14 Nov to 5 Dec; 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 %
Before20 Nov₹1,549.10basebase
On the day21 Nov₹1,546.60▼ −0.2%▼ −0.5%+0.3 pp difference
+1 session24 Nov₹1,535.90▼ −0.8%▼ −0.9%0.0 pp difference
+3 sessions26 Nov₹1,569.90▲ +1.3%▲ +0.1%+1.3 pp difference
+5 sessions28 Nov₹1,567.50▲ +1.2%0.0%+1.1 pp difference
Gap at the open, % · ₹
▼ −0.5%−8.06 on 21 Nov
Day's range, % · ₹
1.1%≈ 18 high to low
Volume on the day
0.89×the 20-session average
Futures OI on the day
▼ −1.0%−2,100 lots · long unwinding · price −0.2%
Futures OI open, lots
2.1 L21 Nov · 25 Nov expiry
Futures premium, ₹
−1.50−0.1% to spot
Puts per call, by OI
0.69from 0.76 the session before
Max pain
1,510from 1,510 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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