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DefenceManufacturingHigh impactPre-market

Defence stocks rise ahead of Union Budget 2026

pre-market1 source ↓written by the desknot a recommendation

Defence stocks are experiencing a surge as investors anticipate increased capital expenditure in the upcoming Union Budget 2026. BEL shares rose 4.5% to ₹435, while BEML jumped 8% to ₹1,787. Analysts expect a significant increase in defence outlay, boosting optimism for domestic firms involved in military procurement.

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, 07:07 IST.

Sourcesnews.google.com

The market after the news

BEL closed −1.9% on the day of the news, from ₹453.00 to ₹444.50; Nifty +0.3% over the same session; futures OI −0.7%.

Bulletin at 07:07 IST on 29 Jan 2026. Every change is measured from ₹453.00, the last close before it, on 28 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 it402.65446.31489.96axis spans 22%before the news · 28 Jan453.00Nifty 50BELbulletinD0+1+3+521 Jan2 Feb11 FebFutures open interest, lotspeak 89,000Reference close ₹453.00. 16 sessions from 21 Jan to 11 Feb; the price axis spans 22 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 %
Before28 Jan₹453.00basebase
On the day29 Jan₹444.50▼ −1.9%▲ +0.3%−2.2 pp difference
+1 session30 Jan₹449.00▼ −0.9%▼ −0.1%−0.8 pp difference
+3 sessions2 Feb₹439.10▼ −3.1%▼ −1.0%−2.1 pp difference
+5 sessions4 Feb₹439.20▼ −3.0%▲ +1.7%−4.8 pp difference
Gap at the open, % · ₹
▲ +0.3%+1.27 on 29 Jan
Day's range, % · ₹
3.9%≈ 18 high to low
Volume on the day
2.13×the 20-session average
Futures OI on the day
▼ −0.7%−620 lots · long unwinding · price −1.9%
Futures OI open, lots
87,00029 Jan · 24 Feb expiry
Futures premium, ₹
+1.55+0.3% to spot
Puts per call, by OI
0.54from 0.67 the session before
Max pain
430from 430 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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