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Bharat Dynamics shares drop 6% after Q3 results

Bharat Dynamics shares declined 6% on February 2, 2023, amid broader weakness in defence stocks. The Union Budget's 18% increase in defence capital expenditure to ₹7.6 lakh crore was seen as lacking transformative measures, impacting near-term sentiment.

after close1 source ↓written by the desknot a recommendation

on 2 Feb
6%
in defence capital
18% increase
capital expenditure
₹7.6 lakh crore

Shares of Bharat Dynamics fell 6% on 2 Feb 2023, continuing a downward trend in defence stocks, with 16 of 18 Nifty Defence index constituents in the red. The decline follows the Union Budget's 18% increase in defence capital expenditure to ₹7.6 lakh crore, which analysts deemed insufficient for immediate sentiment improvement. Despite this, brokerages maintain a positive medium-term outlook due to anticipated order inflows.

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 2 Feb 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BDL closed −0.6% on the day of the news, from ₹1,326.20 to ₹1,318.10; Nifty +2.5% over the same session; futures OI +6.1%.

Bulletin at 16:06 IST on 2 Feb 2026. Every change is measured from ₹1,326.20, the last close before it, on 2 Feb. Nifty 50 is measured over the same sessions.

  • BDL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BDL closes around the bulletin against the close before the news, with Nifty 50 rebased to it114813591570axis spans 37%before the news · 2 Feb1326Nifty 50BDLbulletinD0+1+3+528 Jan6 Feb17 FebFutures open interest, lotspeak 23,000Reference close ₹1,326.20. 16 sessions from 28 Jan to 17 Feb; the price axis spans 37 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 Feb₹1,326.20basebase
On the day3 Feb₹1,318.10▼ −0.6%▲ +2.5%−3.2 pp difference
+1 session4 Feb₹1,304.00▼ −1.7%▲ +2.7%−4.4 pp difference
+3 sessions6 Feb₹1,268.40▼ −4.4%▲ +2.4%−6.8 pp difference
+5 sessions10 Feb₹1,300.00▼ −2.0%▲ +3.4%−5.4 pp difference
Gap at the open, % · ₹
▲ +3.5%+46.55 on 3 Feb
Day's range, % · ₹
8.2%≈ 110 high to low
Volume on the day
1.56×the 20-session average
Futures OI on the day
▲ +6.1%+1,000 lots · short build-up · price −0.6%
Futures OI open, lots
17,0003 Feb · 24 Feb expiry
Futures premium, ₹
−10.50−0.8% to spot
Puts per call, by OI
0.37from 0.37 the session before
Max pain
1,360from 1,380 the session before

Source NSE UDiFF bhavcopy · BDL on the desk →

Thread · BDLAll BDL bulletins →

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