OICHARTS
8 AMThe 8 AM report →
ManufacturingInfrastructureMedium impactPre-market

ACE and KATO form joint venture for crane manufacturing in India

pre-market1 source ↓written by the desknot a recommendation

Works announced
50:50 joint venture
venture will invest
₹200 cr
in Haryana
11-acre facility

ACE and Japan's KATO Works announced a 50:50 joint venture, ACE KATO Pvt. Ltd., to manufacture high-capacity cranes in India. The venture will invest ₹200 cr in an 11-acre facility in Haryana, producing various crane models for sectors like infrastructure and energy. KATO will handle engineering while ACE manages manufacturing.

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 3 Jul 2026, 07:05 IST.

Sourcesnews.google.com

The market after the news

ACE closed −2.6% on the day of the news, from ₹1,016.70 to ₹989.90; Nifty +0.4% over the same session.

Bulletin at 07:05 IST on 3 Jul 2026. Every change is measured from ₹1,016.70, the last close before it, on 2 Jul. Nifty 50 is measured over the same sessions.

  • ACE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
ACE closes around the bulletin against the close before the news, with Nifty 50 rebased to it871.9210171161axis spans 33%before the news · 2 Jul1017Nifty 50ACEbulletinD0+1+3+525 Jun8 Jul17 JulReference close ₹1,016.70. 16 sessions from 25 Jun to 17 Jul; the price axis spans 33 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 %
Before2 Jul₹1,016.70basebase
On the day3 Jul₹989.90▼ −2.6%▲ +0.4%−3.0 pp difference
+1 session6 Jul₹1,006.40▼ −1.0%▲ +1.1%−2.1 pp difference
+3 sessions8 Jul₹968.70▼ −4.7%▼ −1.2%−3.5 pp difference
+5 sessions10 Jul₹989.00▼ −2.7%▲ +0.1%−2.9 pp difference
Gap at the open, % · ₹
▲ +0.3%+3.25 on 3 Jul
Day's range, % · ₹
3.4%≈ 34 high to low
Volume on the day
0.47×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · ACE on the desk →

Related