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Vedanta shares rise on government royalty rate reduction

pre-market1 source ↓written by the desknot a recommendation

to an intraday
4%
effective
8 May 2023
oil fields
16.67% to 10.6%

Shares of Vedanta Limited surged 4% to an intraday high of ₹310 after the government reduced royalty rates on crude oil and natural gas production. The new structure, effective from 8 May 2023, lowers rates for Rajasthan oil fields from 16.67% to 10.6%. This change is expected to enhance profitability for Vedanta's upstream operations. 📈

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 14 May 2026, 07:14 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

VEDL closed +4.8% on the day of the news, from ₹323.35 to ₹338.90; Nifty +1.2% over the same session; futures OI +4.8%.

Bulletin at 07:14 IST on 14 May 2026. Every change is measured from ₹323.35, the last close before it, on 13 May. Nifty 50 is measured over the same sessions.

  • VEDL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
VEDL closes around the bulletin against the close before the news, with Nifty 50 rebased to it285.45323.35361.25axis spans 27%before the news · 13 May323.35Nifty 50VEDLbulletinD0+1+3+57 May19 May29 MayFutures open interest, lotspeak 41,000Reference close ₹323.35. 16 sessions from 7 May to 29 May; the price axis spans 27 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 %
Before13 May₹323.35basebase
On the day14 May₹338.90▲ +4.8%▲ +1.2%+3.6 pp difference
+1 session15 May₹331.05▲ +2.4%▲ +1.0%+1.4 pp difference
+3 sessions19 May₹337.65▲ +4.4%▲ +0.9%+3.5 pp difference
+5 sessions21 May₹329.75▲ +2.0%▲ +1.0%+0.9 pp difference
Gap at the open, % · ₹
▲ +1.8%+5.66 on 14 May
Day's range, % · ₹
4.8%≈ 16 high to low
Volume on the day
1.93×the 20-session average
Futures OI on the day
▲ +4.8%+1,400 lots · long build-up · price +4.8%
Futures OI open, lots
31,00014 May · 26 May expiry
Futures premium, ₹
−0.90−0.3% to spot
Puts per call, by OI
0.88from 0.67 the session before
Max pain
310from 300 the session before

Source NSE UDiFF bhavcopy · VEDL on the desk →

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