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PharmaHigh impactPre-market

Biocon shares rise 6% on ₹3,680 cr block deal

pre-market1 source ↓written by the desknot a recommendation

following
6%
block deal
₹3,680 cr
of its equity
5.64%
were traded
9.2 crore shares
each
₹400

Biocon shares surged over 6% following a ₹3,680 cr block deal, with 5.64% of its equity changing hands. Approximately 9.2 crore shares were traded at an average price of ₹400 each, easing supply concerns. This transaction follows Mylan's divestment of its stake in Biocon, which was previously acquired through a share swap earlier this year.

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 Jul 2026, 07:00 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BIOCON closed −0.2% on the day of the news, from ₹437.20 to ₹436.50; Nifty −0.4% over the same session; futures OI −1.3%.

Bulletin at 07:00 IST on 18 Jul 2026. Every change is measured from ₹437.20, the last close before it, on 17 Jul. Nifty 50 is measured over the same sessions.

  • BIOCON close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BIOCON closes around the bulletin against the close before the news, with Nifty 50 rebased to it391.73437.20482.67axis spans 23%before the news · 17 Jul437.20Nifty 50BIOCONbulletinD0+1+3+513 Jul23 Jul3 AugFutures open interest, lotspeak 23,000Reference close ₹437.20. 16 sessions from 13 Jul to 3 Aug; the price axis spans 23 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 Jul₹437.20basebase
On the day20 Jul₹436.50▼ −0.2%▼ −0.4%+0.2 pp difference
+1 session21 Jul₹440.30▲ +0.7%▼ −0.6%+1.3 pp difference
+3 sessions23 Jul₹435.20▼ −0.5%▼ −1.9%+1.4 pp difference
+5 sessions27 Jul₹436.25▼ −0.2%▼ −1.4%+1.2 pp difference
Gap at the open, % · ₹
▲ +0.7%+3.19 on 20 Jul
Day's range, % · ₹
1.6%≈ 7.2 high to low
Volume on the day
0.50×the 20-session average
Futures OI on the day
▼ −1.3%−280 lots · long unwinding · price −0.2%
Futures OI open, lots
21,00020 Jul · 28 Jul expiry
Futures premium, ₹
+0.70+0.2% to spot
Puts per call, by OI
0.85from 0.86 the session before
Max pain
430from 430 the session before

Source NSE UDiFF bhavcopy · BIOCON on the desk →

Thread · BIOCONAll BIOCON bulletins →

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