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PM Modi inaugurates India Chip joint venture in Jewar

23 Feb 2026 · 16:03 ISTafter close1 source ↓written by the desknot a recommendation

and create: 20,000 wafers per month
by 2028: 3,500 jobs

Prime Minister Narendra Modi laid the foundation for India Chip Private Limited, a joint venture between HCL Group and Foxconn. The ₹3,700 cr facility in Jewar aims to produce 20,000 wafers per month and create over 3,500 jobs by 2028, bolstering India's semiconductor supply chain.

This initiative under the India Semiconductor Mission is crucial for enhancing local manufacturing capabilities and reducing dependency on imports, potentially impacting the tech sector positively.

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, 16:03 IST.

Sourcesnews.google.com

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The market after the news

HCLTECH closed −6.1% on the day of the news, from ₹1,426.20 to ₹1,339.20; Nifty −1.1% over the same session; futures OI +10.5%.

Bulletin at 16:03 IST on 23 Feb 2026. Every change is measured from ₹1,426.20, the last close before it, on 23 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

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
Session	Close ₹	Change %	Nifty %
Before23 Feb	₹1,426.20	base	base
On the day24 Feb	₹1,339.20	▼ −6.1%	▼ −1.1%−5.0 pp difference
+1 session25 Feb	₹1,378.20	▼ −3.4%	▼ −0.9%−2.5 pp difference
+3 sessions27 Feb	₹1,389.10	▼ −2.6%	▼ −2.1%−0.5 pp difference
+5 sessions4 Mar	₹1,364.00	▼ −4.4%	▼ −4.8%+0.4 pp difference

Gap at the open, % · ₹: ▼ −1.7%−23.96 on 24 Feb
Day's range, % · ₹: 5.9%≈ 84 high to low
Volume on the day: 3.12×the 20-session average
Futures OI on the day: ▲ +10.5%+7,500 lots · short build-up · price −6.1%
Futures OI open, lots: 78,00024 Feb · 24 Feb expiry
Futures premium, ₹: +2.90+0.2% to spot
Puts per call, by OI: 0.36from 0.45 the session before
Max pain: 1,540from 1,520 the session before

Source NSE UDiFF bhavcopy · HCLTECH on the desk →

PM Modi inaugurates India Chip joint venture in Jewar

HCLTECH closed −6.1% on the day of the news, from ₹1,426.20 to ₹1,339.20; Nifty −1.1% over the same session; futures OI +10.5%.

Thread · HCLTECHAll HCLTECH bulletins →

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