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CCI approves merger of Bhushan Power and Steel with JSW

after close1 source ↓written by the desknot a recommendation

between
50:50 joint venture

The CCI has approved the merger between Bhushan Power and Steel and JSW Steel, involving the transfer of BPSL’s steel business to JSW Sambalpur. This transaction will create a 50:50 joint venture between JSW Steel and JFE Steel, enhancing their operational footprint in the steel sector. ⚙️

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 26 Jan 2026, 16:03 IST.

Sourcesnews.google.com

The market after the news

JSWSTEEL closed +4.4% on the day of the news, from ₹1,170.00 to ₹1,222.00; Nifty +0.5% over the same session; futures OI +3.6%.

Bulletin at 16:03 IST on 26 Jan 2026. Every change is measured from ₹1,170.00, the last close before it, on 23 Jan. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it106811701272axis spans 19%before the news · 23 Jan1170Nifty 50JSWSTEELbulletinD0+1+3+519 Jan30 Jan9 FebFutures open interest, lotspeak 81,000Reference close ₹1,170.00. 16 sessions from 19 Jan to 9 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 %
Before23 Jan₹1,170.00basebase
On the day27 Jan₹1,222.00▲ +4.4%▲ +0.5%+3.9 pp difference
+1 session28 Jan₹1,218.70▲ +4.2%▲ +1.2%+3.0 pp difference
+3 sessions30 Jan₹1,214.40▲ +3.8%▲ +1.1%+2.7 pp difference
+5 sessions2 Feb₹1,199.20▲ +2.5%▲ +0.2%+2.3 pp difference
Gap at the open, % · ₹
▲ +2.3%+27.03 on 27 Jan
Day's range, % · ₹
4.1%≈ 48 high to low
Volume on the day
2.12×the 20-session average
Futures OI on the day
▲ +3.6%+2,700 lots · long build-up · price +4.4%
Futures OI open, lots
77,00027 Jan · 27 Jan expiry
Futures premium, ₹
+2.30+0.2% to spot
Puts per call, by OI
0.96from 0.96 the session before
Max pain
1,130from 1,150 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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