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BEL and Safran to form joint venture for HAMMER production

after close1 source ↓written by the desknot a recommendation

Bharat Electronics Ltd (BEL) and France’s Safran will establish a joint venture to produce HAMMER precision-guided munitions in India, following discussions between Prime Minister Modi and President Macron. This partnership aims to enhance domestic defence manufacturing and reduce import reliance on advanced weapons. The initiative supports the Atmanirbhar Bharat programme for local production.

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 18 Feb 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed −2.8% on the day of the news, from ₹447.70 to ₹435.35; Nifty −1.4% over the same session; futures OI −0.9%.

Bulletin at 16:03 IST on 18 Feb 2026. Every change is measured from ₹447.70, the last close before it, on 18 Feb. 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 it411.17447.70484.23axis spans 18%before the news · 18 Feb447.70Nifty 50BELbulletinD0+1+3+512 Feb24 Feb6 MarFutures open interest, lotspeak 82,000Reference close ₹447.70. 16 sessions from 12 Feb to 6 Mar; 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 %
Before18 Feb₹447.70basebase
On the day19 Feb₹435.35▼ −2.8%▼ −1.4%−1.4 pp difference
+1 session20 Feb₹441.15▼ −1.5%▼ −1.0%−0.5 pp difference
+3 sessions24 Feb₹435.05▼ −2.8%▼ −1.5%−1.3 pp difference
+5 sessions26 Feb₹449.05▲ +0.3%▼ −1.3%+1.6 pp difference
Gap at the open, % · ₹
0.0%0.00 on 19 Feb
Day's range, % · ₹
3.6%≈ 16 high to low
Volume on the day
0.38×the 20-session average
Futures OI on the day
▼ −0.9%−770 lots · long unwinding · price −2.8%
Futures OI open, lots
81,00019 Feb · 24 Feb expiry
Futures premium, ₹
+0.150.0% to spot
Puts per call, by OI
0.38from 0.41 the session before
Max pain
440from 440 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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