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PFC and REC boards approve merger plan

pre-market1 source ↓written by the desknot a recommendation

The boards of Power Finance Corporation and REC have approved the in-principle merger, aligning with the government's restructuring plans announced by Finance Minister Nirmala Sitharaman. This merger aims to create a stronger government company with an enhanced balance sheet, focusing on meeting India's large funding needs in the electrification sector. ⚡

• The merger is part of the government's strategy to strengthen the NBFC structure.

• REC's current terms of reference will be updated to reflect contemporary needs.

Immediate market implications may arise as this merger could enhance operational efficiencies and funding capabilities.

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 Feb 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PFC closed −0.9% on the day of the news, from ₹419.20 to ₹415.20; Nifty +0.7% over the same session; futures OI +2.3%.

Bulletin at 07:04 IST on 7 Feb 2026. Every change is measured from ₹419.20, the last close before it, on 6 Feb. Nifty 50 is measured over the same sessions.

  • PFC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PFC closes around the bulletin against the close before the news, with Nifty 50 rebased to it383.15419.20455.25axis spans 19%before the news · 6 Feb419.20Nifty 50PFCbulletinD0+1+3+52 Feb12 Feb23 FebFutures open interest, lotspeak 52,000Reference close ₹419.20. 16 sessions from 2 Feb to 23 Feb; the price axis spans 19 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 Feb₹419.20basebase
On the day9 Feb₹415.20▼ −0.9%▲ +0.7%−1.6 pp difference
+1 session10 Feb₹413.25▼ −1.4%▲ +0.9%−2.4 pp difference
+3 sessions12 Feb₹410.55▼ −2.1%▲ +0.4%−2.5 pp difference
+5 sessions16 Feb₹411.80▼ −1.8%0.0%−1.7 pp difference
Gap at the open, % · ₹
▲ +1.4%+5.78 on 9 Feb
Day's range, % · ₹
5.9%≈ 25 high to low
Volume on the day
1.89×the 20-session average
Futures OI on the day
▲ +2.3%+1,200 lots · short build-up · price −0.9%
Futures OI open, lots
52,0009 Feb · 24 Feb expiry
Futures premium, ₹
−2.60−0.6% to spot
Puts per call, by OI
0.72from 0.78 the session before
Max pain
395from 395 the session before

Source NSE UDiFF bhavcopy · PFC on the desk →

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