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MetalsManufacturingHigh impactPre-market

JSW Kalinga plans ₹9,500 crore NCD issue for BPSL funding

pre-market1 source ↓written by the desknot a recommendation

aims to raise
₹9,500 crore
and maturity
8.5%
and is part
₹53,000 crore

JSW Kalinga Steel aims to raise ₹9,500 crore through zero-coupon bonds to finance its joint venture with Japan's JFE Steel for Bhushan Power & Steel (BPSL). The bonds will be issued in two tranches, with yields around 8.5% and maturity in March 2031. This move values BPSL at ₹53,000 crore and is part of a broader financing strategy.

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 19 Mar 2026, 07:13 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed −4.2% on the day of the news, from ₹1,180.30 to ₹1,130.90; Nifty −3.3% over the same session; futures OI −1.9%.

Bulletin at 07:13 IST on 19 Mar 2026. Every change is measured from ₹1,180.30, the last close before it, on 18 Mar. 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 it107811801283axis spans 19%before the news · 18 Mar1180Nifty 50JSWSTEELbulletinD0+1+3+512 Mar24 Mar7 AprFutures open interest, lotspeak 78,000Reference close ₹1,180.30. 16 sessions from 12 Mar to 7 Apr; 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 %
Before18 Mar₹1,180.30basebase
On the day19 Mar₹1,130.90▼ −4.2%▼ −3.3%−0.9 pp difference
+1 session20 Mar₹1,169.60▼ −0.9%▼ −2.8%+1.9 pp difference
+3 sessions24 Mar₹1,133.70▼ −4.0%▼ −3.6%−0.3 pp difference
+5 sessions27 Mar₹1,130.30▼ −4.2%▼ −4.0%−0.2 pp difference
Gap at the open, % · ₹
▼ −1.8%−21.01 on 19 Mar
Day's range, % · ₹
3.3%≈ 39 high to low
Volume on the day
1.44×the 20-session average
Futures OI on the day
▼ −1.9%−1,500 lots · long unwinding · price −4.2%
Futures OI open, lots
76,00019 Mar · 30 Mar expiry
Futures premium, ₹
−0.70−0.1% to spot
Puts per call, by OI
0.51from 0.55 the session before
Max pain
1,200from 1,200 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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