OICHARTS
8 AMThe 8 AM report →
MetalsMedium impactPre-market

High Court stays ₹1,131 cr GST demand on Tata Steel

pre-market1 source ↓written by the desknot a recommendation

until the next
₹1,131 cr GST demand
next hearing
15 Apr 2026
of the total
₹514 cr

The Jharkhand High Court has granted temporary relief to Tata Steel, putting a stay on the ₹1,131 cr GST demand until the next hearing on 15 Apr 2026. The demand arose from disallowed Input Tax Credit for FY 2018-19 to FY 2022-23, with the company having already paid ₹514 cr of the total amount. This development may alleviate immediate financial pressure on Tata Steel.

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 27 Mar 2026, 07:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed −1.7% on the day of the news, from ₹196.65 to ₹193.22; Nifty −2.1% over the same session; futures OI +0.9%.

Bulletin at 07:12 IST on 27 Mar 2026. Every change is measured from ₹196.65, the last close before it, on 25 Mar. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it175.10196.65218.20axis spans 25%before the news · 25 Mar196.65Nifty 50TATASTEELbulletinD0+1+3+519 Mar2 Apr15 AprFutures open interest, lotspeak 39,000Reference close ₹196.65. 16 sessions from 19 Mar to 15 Apr; the price axis spans 25 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 %
Before25 Mar₹196.65basebase
On the day27 Mar₹193.22▼ −1.7%▼ −2.1%+0.3 pp difference
+1 session30 Mar₹191.86▼ −2.4%▼ −4.2%+1.7 pp difference
+3 sessions2 Apr₹194.14▼ −1.3%▼ −2.5%+1.3 pp difference
+5 sessions7 Apr₹198.13▲ +0.8%▼ −0.8%+1.5 pp difference
Gap at the open, % · ₹
▼ −1.2%−2.32 on 27 Mar
Day's range, % · ₹
1.4%≈ 2.9 high to low
Volume on the day
0.99×the 20-session average
Futures OI on the day
▲ +0.9%+350 lots · short build-up · price −1.7%
Futures OI open, lots
38,00027 Mar · 30 Mar expiry
Futures premium, ₹
−0.40−0.2% to spot
Puts per call, by OI
0.61from 0.66 the session before
Max pain
198from 197 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

Thread · TATASTEELAll TATASTEEL bulletins →

Related