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Fitch upgrades JSW Steel to 'BB+' with positive outlook

pre-market1 source ↓written by the desknot a recommendation

through FY30
8% annual sales growth

Fitch Ratings upgraded JSW Steel's Long-Term Issuer Default Rating to 'BB+' from 'BB', removing it from Rating Watch Positive. The outlook is now Positive, driven by expected 8% annual sales growth through FY30, supported by expansion and merger activities. This upgrade reflects strong demand in India's steel sector, particularly from infrastructure and construction. 📈

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 7 Jul 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed +0.3% on the day of the news, from ₹1,243.20 to ₹1,246.40; Nifty −0.1% over the same session; futures OI −1.3%.

Bulletin at 07:03 IST on 7 Jul 2026. Every change is measured from ₹1,243.20, the last close before it, on 6 Jul. 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 it113512431351axis spans 19%before the news · 6 Jul1243Nifty 50JSWSTEELbulletinD0+1+3+530 Jun10 Jul21 JulFutures open interest, lotspeak 67,000Reference close ₹1,243.20. 16 sessions from 30 Jun to 21 Jul; 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 %
Before6 Jul₹1,243.20basebase
On the day7 Jul₹1,246.40▲ +0.3%▼ −0.1%+0.4 pp difference
+1 session8 Jul₹1,219.50▼ −1.9%▼ −2.2%+0.3 pp difference
+3 sessions10 Jul₹1,245.40▲ +0.2%▼ −0.9%+1.1 pp difference
+5 sessions14 Jul₹1,247.70▲ +0.4%▼ −1.6%+1.9 pp difference
Gap at the open, % · ₹
▼ −0.6%−7.21 on 7 Jul
Day's range, % · ₹
2.5%≈ 32 high to low
Volume on the day
1.74×the 20-session average
Futures OI on the day
▼ −1.3%−830 lots · short covering · price +0.3%
Futures OI open, lots
66,0007 Jul · 28 Jul expiry
Futures premium, ₹
+2.20+0.2% to spot
Puts per call, by OI
0.90from 0.84 the session before
Max pain
1,240from 1,240 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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