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

after close1 source ↓written by the desknot a recommendation

next hearing
15 Apr 2026

Tata Steel received a temporary stay from the Jharkhand High Court on a GST demand of ₹1,131 cr related to the financial years 2018-19 to 2022-23. The court's decision halts further proceedings until the next hearing on 15 Apr 2026. This relief may positively impact Tata Steel's cash flow and investor sentiment.

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 Mar 2026, 16:13 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 16:13 IST on 26 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

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