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PM Modi launches India Chip joint venture in Jewar

pre-market1 source ↓written by the desknot a recommendation

an investment
₹3,700 cr
and create
20,000 wafers monthly
and create
3,500 jobs

Prime Minister Narendra Modi laid the foundation for India Chip Private Limited, a joint venture between HCL Group and Foxconn, with an investment of ₹3,700 cr. The facility in Jewar, Uttar Pradesh, aims to produce 20,000 wafers monthly and create over 3,500 jobs. This initiative supports India's semiconductor supply chain and self-reliance goals.

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 23 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HCLTECH closed −0.7% on the day of the news, from ₹1,436.50 to ₹1,426.20; Nifty +0.6% over the same session; futures OI +6.8%.

Bulletin at 07:03 IST on 23 Feb 2026. Every change is measured from ₹1,436.50, the last close before it, on 20 Feb. Nifty 50 is measured over the same sessions.

  • HCLTECH close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HCLTECH closes around the bulletin against the close before the news, with Nifty 50 rebased to it127114371602axis spans 26%before the news · 20 Feb1437Nifty 50HCLTECHbulletinD0+1+3+516 Feb26 Feb10 MarFutures open interest, lotspeak 79,000Reference close ₹1,436.50. 16 sessions from 16 Feb to 10 Mar; the price axis spans 26 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 %
Before20 Feb₹1,436.50basebase
On the day23 Feb₹1,426.20▼ −0.7%▲ +0.6%−1.3 pp difference
+1 session24 Feb₹1,339.20▼ −6.8%▼ −0.6%−6.2 pp difference
+3 sessions26 Feb₹1,373.50▼ −4.4%▼ −0.3%−4.1 pp difference
+5 sessions2 Mar₹1,371.00▼ −4.6%▼ −2.8%−1.8 pp difference
Gap at the open, % · ₹
▲ +0.1%+1.72 on 23 Feb
Day's range, % · ₹
1.8%≈ 26 high to low
Volume on the day
0.82×the 20-session average
Futures OI on the day
▲ +6.8%+4,600 lots · short build-up · price −0.7%
Futures OI open, lots
71,00023 Feb · 24 Feb expiry
Futures premium, ₹
−0.80−0.1% to spot
Puts per call, by OI
0.45from 0.45 the session before
Max pain
1,520from 1,520 the session before

Source NSE UDiFF bhavcopy · HCLTECH on the desk →

Thread · HCLTECHAll HCLTECH bulletins →

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