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Tech Mahindra acquires Avant Techno Solutions for payment modernization

pre-market1 source ↓written by the desknot a recommendation

Tech Mahindra announced the acquisition of Avant Techno Solutions, a Canada-based firm, to enhance its payment modernization and wealth management capabilities. This move aims to strengthen its service offerings in the BFSI sector, focusing on areas like Real Time Rail capabilities and ISO 20022 migration. The acquisition is expected to create new opportunities in open banking and regulatory compliance.

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 2 May 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TECHM closed −0.1% on the day of the news, from ₹1,473.50 to ₹1,471.60; Nifty +0.5% over the same session; futures OI +1.8%.

Bulletin at 07:02 IST on 2 May 2026. Every change is measured from ₹1,473.50, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • TECHM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TECHM closes around the bulletin against the close before the news, with Nifty 50 rebased to it132114741626axis spans 23%before the news · 30 Apr1474Nifty 50TECHMbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 34,000Reference close ₹1,473.50. 16 sessions from 24 Apr to 18 May; 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 %
Before30 Apr₹1,473.50basebase
On the day4 May₹1,471.60▼ −0.1%▲ +0.5%−0.6 pp difference
+1 session5 May₹1,452.20▼ −1.4%▲ +0.1%−1.6 pp difference
+3 sessions7 May₹1,448.20▼ −1.7%▲ +1.4%−3.1 pp difference
+5 sessions11 May₹1,457.40▼ −1.1%▼ −0.8%−0.3 pp difference
Gap at the open, % · ₹
▲ +0.7%+10.46 on 4 May
Day's range, % · ₹
2.5%≈ 37 high to low
Volume on the day
0.56×the 20-session average
Futures OI on the day
▲ +1.8%+580 lots · short build-up · price −0.1%
Futures OI open, lots
33,0004 May · 26 May expiry
Futures premium, ₹
−4.30−0.3% to spot
Puts per call, by OI
0.74from 0.78 the session before
Max pain
1,440from 1,440 the session before

Source NSE UDiFF bhavcopy · TECHM on the desk →

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