Strota/ Newsroom/ 2026-06-12

OIL is down -2.6% on short covering in futures

Strota Newsroom · session of 2026-06-12 · mid-session report, as of 11:00 IST — updates after the close · OIL stock page →

Oil India Ltd. (OIL) is down -2.6% at ₹418.10 with 5 signals firing. Here is what the exchange data shows as of 11:00 IST.

The numbers

Last price ₹418.10, -2.62% on the day
Day range ₹417.60 – ₹426.95
Opening gap -0.58%
NIFTY moved +0.84% the same session

Signals that fired

Volume spike 3.8x
At day's low
vs NIFTY +0.84%
Below VWAP -0.72%
Short Covering (last close)

F&O positioning

Futures classified as Short Covering — open interest -2.0% with price +0.3% in the latest bhavcopy.

Technical context

Volume ran at 1.6× its 20-day average; rsi(14) sits at 26; price is 21.3% from the 52-week high.

Recent headlines

Oil India Shares Dip As Morgan Stanley Expects Stock To Fall In Next 30 Days — Check Target Price — NDTV Profit (1h ago)
VEDANTA LIMITED Share Price Today - Live VEDL Stock Price for NSE/BSE — Upstox (12h ago)
Explained - Why have ONGC, Oil India been under pressure and what lies ahead — CNBC TV18 (1d ago)
Oil India Shares Recover After Yesterday's 10% Slump — NDTV Profit (1d ago)
Oil India Ltd leads losers in 'A' group — Business Standard (1d ago)
Oil India Ltd slips for fifth straight session — Business Standard (1d ago)
Explained - Why Morgan Stanley bets on ONGC but downgrades its peer Oil India — CNBC TV18 (2d ago)
Anlon Healthcare Nine Monthly Results, Nine Monthly Earnings for Anlon Healthcare — The Economic Times (3d ago)

Sources

Oil India Shares Dip As Morgan Stanley Expects Stock To Fall In Next 30 Days — Check Target Price — NDTV Profit
VEDANTA LIMITED Share Price Today - Live VEDL Stock Price for NSE/BSE — Upstox
Explained - Why have ONGC, Oil India been under pressure and what lies ahead — CNBC TV18
Oil India Shares Recover After Yesterday's 10% Slump — NDTV Profit
Oil India Ltd leads losers in 'A' group — Business Standard
Oil India Ltd slips for fifth straight session — Business Standard
Explained - Why Morgan Stanley bets on ONGC but downgrades its peer Oil India — CNBC TV18
Anlon Healthcare Nine Monthly Results, Nine Monthly Earnings for Anlon Healthcare — The Economic Times

Keep digging

OIL — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
Today's screens: every stock matching the same setups (buildups, breakouts, volume shockers).
Newsroom: the other stocks in play this session.

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) into this data-only briefing. Every figure comes from the underlying exchange/public data.