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PharmaHigh impactPre-market

Mylan exits Biocon with ₹3,679 crore block deal

pre-market1 source ↓written by the desknot a recommendation

selling its entire
5.64% stake
through open market
₹3,679 crore
at an average
9,19,67,019 shares
each
₹400
0.47%

Mylan Inc has exited Biocon by selling its entire 5.64% stake for ₹3,679 crore through open market transactions. The sale involved 9,19,67,019 shares at an average price of ₹400 each, impacting Biocon's share price, which was down 0.47% at ₹435.25 early Wednesday. This move may affect market sentiment around Biocon shares.

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 16 Jul 2026, 07:01 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BIOCON closed +1.4% on the day of the news, from ₹434.60 to ₹440.70; Nifty 0.0% over the same session; futures OI +1.2%.

Bulletin at 07:01 IST on 16 Jul 2026. Every change is measured from ₹434.60, the last close before it, on 15 Jul. Nifty 50 is measured over the same sessions.

  • BIOCON close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BIOCON closes around the bulletin against the close before the news, with Nifty 50 rebased to it389.40434.60479.80axis spans 23%before the news · 15 Jul434.60Nifty 50BIOCONbulletinD0+1+3+59 Jul21 Jul30 JulFutures open interest, lotspeak 23,000Reference close ₹434.60. 16 sessions from 9 Jul to 30 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 %
Before15 Jul₹434.60basebase
On the day16 Jul₹440.70▲ +1.4%0.0%+1.4 pp difference
+1 session17 Jul₹437.20▲ +0.6%▲ +1.1%−0.5 pp difference
+3 sessions21 Jul₹440.30▲ +1.3%▲ +0.5%+0.9 pp difference
+5 sessions23 Jul₹435.20▲ +0.1%▼ −0.9%+1.0 pp difference
Gap at the open, % · ₹
▲ +0.9%+3.78 on 16 Jul
Day's range, % · ₹
3.0%≈ 13 high to low
Volume on the day
1.18×the 20-session average
Futures OI on the day
▲ +1.2%+260 lots · long build-up · price +1.4%
Futures OI open, lots
23,00016 Jul · 28 Jul expiry
Futures premium, ₹
+1.95+0.4% to spot
Puts per call, by OI
0.92from 0.85 the session before
Max pain
430from 430 the session before

Source NSE UDiFF bhavcopy · BIOCON on the desk →

Thread · BIOCONAll BIOCON bulletins →

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