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India and Japan sign defence co-development pact for naval masts

pre-market1 source ↓written by the desknot a recommendation

India and Japan have signed their first bilateral agreement for joint development of defence equipment, focusing on the UNICORN naval mast. Bharat Electronics Limited (BEL) will manufacture the system in India, integrating local sensors and antennas, enhancing India's naval capabilities under the Make in India initiative. This partnership strengthens strategic ties between the two nations.

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, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed −1.5% on the day of the news, from ₹425.55 to ₹419.15; Nifty −0.1% over the same session; futures OI −0.3%.

Bulletin at 07:10 IST on 7 Jul 2026. Every change is measured from ₹425.55, the last close before it, on 6 Jul. 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 it390.83425.55460.27axis spans 18%before the news · 6 Jul425.55Nifty 50BELbulletinD0+1+3+530 Jun10 Jul21 JulFutures open interest, lotspeak 90,000Reference close ₹425.55. 16 sessions from 30 Jun to 21 Jul; 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 %
Before6 Jul₹425.55basebase
On the day7 Jul₹419.15▼ −1.5%▼ −0.1%−1.4 pp difference
+1 session8 Jul₹407.60▼ −4.2%▼ −2.2%−2.0 pp difference
+3 sessions10 Jul₹414.85▼ −2.5%▼ −0.9%−1.6 pp difference
+5 sessions14 Jul₹410.10▼ −3.6%▼ −1.6%−2.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 7 Jul
Day's range, % · ₹
2.3%≈ 9.9 high to low
Volume on the day
0.58×the 20-session average
Futures OI on the day
▼ −0.3%−250 lots · long unwinding · price −1.5%
Futures OI open, lots
82,0007 Jul · 28 Jul expiry
Futures premium, ₹
+0.75+0.2% to spot
Puts per call, by OI
0.61from 0.62 the session before
Max pain
420from 420 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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