OICHARTS
8 AMThe 8 AM report →
DefenceMedium impactAfter close

Defence stocks decline as investors book profits ahead of earnings

after close1 source ↓written by the desknot a recommendation

to an intraday
2%
intraday low
9,427.95

Defence stocks fell on Tuesday as investors booked profits after recent gains, with the Nifty Defence index dropping over 2% to an intraday low of 9,427.95. Major losers included Apollo Micro, Paras Defence, and Cochin Shipyard. Choice Institutional Equities anticipates a seasonally soft quarter for Q1FY27, with revenue recognition expected to lag until later in the 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 7 Jul 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

APOLLO closed −2.0% on the day of the news, from ₹401.35 to ₹393.40; Nifty −2.1% over the same session.

Bulletin at 16:05 IST on 7 Jul 2026. Every change is measured from ₹401.35, the last close before it, on 7 Jul. Nifty 50 is measured over the same sessions.

  • APOLLO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
APOLLO closes around the bulletin against the close before the news, with Nifty 50 rebased to it324.45401.35478.25axis spans 47%before the news · 7 Jul401.35Nifty 50APOLLObulletinD0+1+3+51 Jul13 Jul22 JulReference close ₹401.35. 16 sessions from 1 Jul to 22 Jul; the price axis spans 47 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 %
Before7 Jul₹401.35basebase
On the day8 Jul₹393.40▼ −2.0%▼ −2.1%+0.1 pp difference
+1 session9 Jul₹398.30▼ −0.8%▼ −1.8%+1.0 pp difference
+3 sessions13 Jul₹402.85▲ +0.4%▼ −0.8%+1.1 pp difference
+5 sessions15 Jul₹404.75▲ +0.8%▼ −1.3%+2.2 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.88 on 8 Jul
Day's range, % · ₹
4.5%≈ 18 high to low
Volume on the day
0.84×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · APOLLO on the desk →

Thread · APOLLOAll APOLLO bulletins →

Related