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

after close1 source ↓written by the desknot a recommendation

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

• Japan's NEC Corporation provides design and core technologies.

• The UNICORN system aims for deployment on Indian Navy warships.

Immediate market implications may arise from increased defence contracts and local manufacturing opportunities.

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, 16:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed −2.8% on the day of the news, from ₹419.15 to ₹407.60; Nifty −2.1% over the same session; futures OI −0.2%.

Bulletin at 16:10 IST on 7 Jul 2026. Every change is measured from ₹419.15, the last close before it, on 7 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 it384.95419.15453.35axis spans 18%before the news · 7 Jul419.15Nifty 50BELbulletinD0+1+3+51 Jul13 Jul22 JulFutures open interest, lotspeak 84,000Reference close ₹419.15. 16 sessions from 1 Jul to 22 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 %
Before7 Jul₹419.15basebase
On the day8 Jul₹407.60▼ −2.8%▼ −2.1%−0.6 pp difference
+1 session9 Jul₹406.20▼ −3.1%▼ −1.8%−1.3 pp difference
+3 sessions13 Jul₹410.80▼ −2.0%▼ −0.8%−1.2 pp difference
+5 sessions15 Jul₹410.95▼ −2.0%▼ −1.3%−0.7 pp difference
Gap at the open, % · ₹
▼ −0.6%−2.64 on 8 Jul
Day's range, % · ₹
2.8%≈ 12 high to low
Volume on the day
0.97×the 20-session average
Futures OI on the day
▼ −0.2%−200 lots · long unwinding · price −2.8%
Futures OI open, lots
82,0008 Jul · 28 Jul expiry
Futures premium, ₹
+0.85+0.2% to spot
Puts per call, by OI
0.59from 0.61 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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