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Jefferies identifies top defence and power stocks amid capex boom

after close1 source ↓written by the desknot a recommendation

Jefferies highlights defence and power equipment sectors as top investment themes due to India's rising capital expenditure cycle. The brokerage raised target prices for companies like KEI Industries, Thermax, and CG Power, while maintaining caution on BHEL. This trend is driven by strong order books and government infrastructure spending, positioning these sectors for significant growth.

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 1 Jul 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

KEI closed +0.6% on the day of the news, from ₹5,247.50 to ₹5,276.50; Nifty +0.7% over the same session; futures OI +1.1%.

Bulletin at 16:05 IST on 1 Jul 2026. Every change is measured from ₹5,247.50, the last close before it, on 1 Jul. Nifty 50 is measured over the same sessions.

  • KEI close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
KEI closes around the bulletin against the close before the news, with Nifty 50 rebased to it471452485781axis spans 23%before the news · 1 Jul5248Nifty 50KEIbulletinD0+1+3+524 Jun7 Jul16 JulFutures open interest, lotspeak 15,000Reference close ₹5,247.50. 16 sessions from 24 Jun to 16 Jul; the price axis spans 23 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 %
Before1 Jul₹5,247.50basebase
On the day2 Jul₹5,276.50▲ +0.6%▲ +0.7%−0.2 pp difference
+1 session3 Jul₹5,270.50▲ +0.4%▲ +1.1%−0.7 pp difference
+3 sessions7 Jul₹5,106.00▼ −2.7%▲ +1.6%−4.3 pp difference
+5 sessions9 Jul₹5,007.50▼ −4.6%▼ −0.2%−4.4 pp difference
Gap at the open, % · ₹
▲ +0.5%+26.24 on 2 Jul
Day's range, % · ₹
3.0%≈ 160 high to low
Volume on the day
0.96×the 20-session average
Futures OI on the day
▲ +1.1%+130 lots · long build-up · price +0.6%
Futures OI open, lots
12,0002 Jul · 28 Jul expiry
Futures premium, ₹
−25.00−0.5% to spot
Puts per call, by OI
0.59from 0.61 the session before
Max pain
5,200from 5,300 the session before

Source NSE UDiFF bhavcopy · KEI on the desk →

Thread · KEIAll KEI bulletins →

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