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Defence stocks rise ahead of Union Budget 2026

Defence stocks surged ahead of the Union Budget 2026, with BEL shares rising 4.5% to ₹435 and BEML climbing 8% to ₹1,787. Analysts predict a significant increase in defence capital outlay, boosting investor sentiment.

after close1 source ↓written by the desknot a recommendation

The anticipation of increased defence capital outlay in the upcoming Union Budget 2026 has led to a surge in defence stocks. BEL shares rose 4.5% to ₹435, while BEML jumped 8% to ₹1,787. This buying frenzy reflects strong expectations for government prioritization of domestic military procurement and modernization efforts.

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 29 Jan 2026, 16:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed +1.0% on the day of the news, from ₹444.50 to ₹449.00; Nifty −0.4% over the same session; futures OI −0.4%.

Bulletin at 16:09 IST on 29 Jan 2026. Every change is measured from ₹444.50, the last close before it, on 29 Jan. 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 it408.23444.50480.77axis spans 18%before the news · 29 Jan444.50Nifty 50BELbulletinD0+1+3+522 Jan3 Feb12 FebFutures open interest, lotspeak 88,000Reference close ₹444.50. 16 sessions from 22 Jan to 12 Feb; 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 %
Before29 Jan₹444.50basebase
On the day30 Jan₹449.00▲ +1.0%▼ −0.4%+1.4 pp difference
+1 session1 Feb₹425.35▼ −4.3%▼ −2.3%−2.0 pp difference
+3 sessions3 Feb₹438.95▼ −1.3%▲ +1.2%−2.5 pp difference
+5 sessions5 Feb₹432.90▼ −2.6%▲ +0.9%−3.5 pp difference
Gap at the open, % · ₹
▲ +0.5%+2.36 on 30 Jan
Day's range, % · ₹
2.9%≈ 13 high to low
Volume on the day
1.82×the 20-session average
Futures OI on the day
▼ −0.4%−350 lots · short covering · price +1.0%
Futures OI open, lots
87,00030 Jan · 24 Feb expiry
Futures premium, ₹
+1.15+0.3% to spot
Puts per call, by OI
0.52from 0.54 the session before
Max pain
435from 430 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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