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CBI expands probe into SAIL amid steel supply irregularities

pre-market1 source ↓written by the desknot a recommendation

of steel
1.5 lakh tonnes
were suspended
29 senior officers
registered FIR
10 Oct 2024
10 Jan 2024

The Central Bureau of Investigation (CBI) has broadened its investigation into SAIL over alleged irregularities in supplying 1.5 lakh tonnes of steel to non-project firms. Following the Lokpal's directive, 29 senior officers were suspended, raising concerns among steel majors and PSU executives. This development may impact investor sentiment in the steel sector.

• CBI registered FIR on 10 Oct 2024

• Inquiry initiated after Lokpal's order on 10 Jan 2024

• Suspended officers include former Directors of SAIL.

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 4 Feb 2026, 07:14 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SAIL closed +1.9% on the day of the news, from ₹154.36 to ₹157.29; Nifty +0.2% over the same session; futures OI 0.0%.

Bulletin at 07:14 IST on 4 Feb 2026. Every change is measured from ₹154.36, the last close before it, on 3 Feb. Nifty 50 is measured over the same sessions.

  • SAIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SAIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it132.69154.36176.03axis spans 33%before the news · 3 Feb154.36Nifty 50SAILbulletinD0+1+3+529 Jan9 Feb18 FebFutures open interest, lotspeak 44,000Reference close ₹154.36. 16 sessions from 29 Jan to 18 Feb; the price axis spans 33 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 %
Before3 Feb₹154.36basebase
On the day4 Feb₹157.29▲ +1.9%▲ +0.2%+1.7 pp difference
+1 session5 Feb₹158.50▲ +2.7%▼ −0.3%+3.0 pp difference
+3 sessions9 Feb₹158.38▲ +2.6%▲ +0.5%+2.1 pp difference
+5 sessions11 Feb₹162.12▲ +5.0%▲ +0.9%+4.2 pp difference
Gap at the open, % · ₹
▲ +0.4%+0.59 on 4 Feb
Day's range, % · ₹
2.6%≈ 4.1 high to low
Volume on the day
0.78×the 20-session average
Futures OI on the day
0.0%+4.0 lots · long build-up · price +1.9%
Futures OI open, lots
43,0004 Feb · 24 Feb expiry
Futures premium, ₹
+0.41+0.3% to spot
Puts per call, by OI
0.85from 0.82 the session before
Max pain
154from 153 the session before

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