Why IOC Shares Fell 2.66% Today Near 52-Week Lows | 1 October 2026

Indian Oil Corporation Ltd (IOC) dropped 2.66% today, settling at ₹131.34 after opening at ₹134.08. The stock traded within a relatively narrow session band, touching a day’s high of ₹134.10 before slipping to a low of ₹131.20, which is near its 52-week low of ₹130.22. Trading volume was notably elevated, recording about 1.33 times its 5-day average and 1.57 times its 20-day average, pointing to increased selling pressure and active participation during the session.

The broader market also faced downward pressure, with the Nifty falling 0.88%. While sector benchmark values for Nifty Energy were not reported for the day, IOC’s decline reflects broader weakness, extending its short-term correction to a 3.62% loss over the past five days and a 4.69% pullback over the past twenty sessions.

On the news front, the stock remains in focus following a recent exchange clarification request regarding a media report that Indian Oil plans to launch packaged drinking water under its own brand across 43,000 fuel outlets. While the exchange inquiry serves as a standard verification step and does not confirm financial or operational impact by itself, it coincides with the ongoing weak price action as investors await official updates.