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DefenceManufacturingHigh impactPre-market

BEL and Safran form joint venture for precision-guided weapons

pre-market1 source ↓written by the desknot a recommendation

in production
60% indigenisation

Bharat Electronics Limited (BEL) and Safran Electronics and Defence have signed a Joint Venture Cooperation Agreement to manufacture the HAMMER precision-guided weapon in India. This initiative supports the Make in India campaign, aiming for 60% indigenisation in production. The JV will enhance local supply and lifecycle support for the Indian Air Force and Navy.

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 25 Nov 2025, 07:03 IST.

Sourcesnews.google.com

The market after the news

BEL closed +1.6% on the day of the news, from ₹403.80 to ₹410.25; Nifty −0.3% over the same session; futures OI −2.5%.

Bulletin at 07:03 IST on 25 Nov 2025. Every change is measured from ₹403.80, the last close before it, on 24 Nov. Nifty 50 is measured over the same sessions.

  • BEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it370.85403.80436.75axis spans 18%before the news · 24 Nov403.80Nifty 50BELbulletinD0+1+3+518 Nov28 Nov9 DecFutures open interest, lotspeak 84,000Reference close ₹403.80. 16 sessions from 18 Nov to 9 Dec; the price axis spans 18 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 %
Before24 Nov₹403.80basebase
On the day25 Nov₹410.25▲ +1.6%▼ −0.3%+1.9 pp difference
+1 session26 Nov₹415.30▲ +2.9%▲ +0.9%+1.9 pp difference
+3 sessions28 Nov₹411.75▲ +2.0%▲ +0.9%+1.0 pp difference
+5 sessions2 Dec₹413.05▲ +2.3%▲ +0.3%+2.0 pp difference
Gap at the open, % · ₹
▲ +0.7%+2.71 on 25 Nov
Day's range, % · ₹
1.6%≈ 6.4 high to low
Volume on the day
0.89×the 20-session average
Futures OI on the day
▼ −2.5%−2,000 lots · short covering · price +1.6%
Futures OI open, lots
78,00025 Nov · 25 Nov expiry
Futures premium, ₹
−0.90−0.2% to spot
Puts per call, by OI
0.38from 0.40 the session before
Max pain
420from 415 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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