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BEL and Safran to form joint venture for HAMMER production

pre-market1 source ↓written by the desknot a recommendation

Bharat Electronics Ltd (BEL) and Safran will establish a joint venture to manufacture HAMMER precision-guided munitions in India, following discussions between Prime Minister Modi and President Macron. This initiative aims to enhance India's defence manufacturing capabilities and reduce reliance on imports. The move aligns with the Atmanirbhar Bharat programme, promoting 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, 07:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed +0.2% on the day of the news, from ₹446.85 to ₹447.70; Nifty +0.4% over the same session; futures OI +0.8%.

Bulletin at 07:05 IST on 18 Feb 2026. Every change is measured from ₹446.85, the last close before it, on 17 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 it410.39446.85483.31axis spans 18%before the news · 17 Feb446.85Nifty 50BELbulletinD0+1+3+511 Feb23 Feb5 MarFutures open interest, lotspeak 82,000Reference close ₹446.85. 16 sessions from 11 Feb to 5 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 %
Before17 Feb₹446.85basebase
On the day18 Feb₹447.70▲ +0.2%▲ +0.4%−0.2 pp difference
+1 session19 Feb₹435.35▼ −2.6%▼ −1.1%−1.5 pp difference
+3 sessions23 Feb₹439.75▼ −1.6%▼ −0.1%−1.5 pp difference
+5 sessions25 Feb₹439.30▼ −1.7%▼ −0.9%−0.8 pp difference
Gap at the open, % · ₹
▲ +0.7%+3.13 on 18 Feb
Day's range, % · ₹
1.6%≈ 7.3 high to low
Volume on the day
0.56×the 20-session average
Futures OI on the day
▲ +0.8%+640 lots · long build-up · price +0.2%
Futures OI open, lots
82,00018 Feb · 24 Feb expiry
Futures premium, ₹
+0.30+0.1% to spot
Puts per call, by OI
0.41from 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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