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JSW Steel seeks government aid for gas amid crisis

pre-market1 source ↓written by the desknot a recommendation

Steel shares rose
2.2%
after its unit
₹1,157

JSW Steel shares rose 2.2% to ₹1,157 after its unit requested government help to secure liquefied natural gas and propane. This move aims to prevent production disruptions due to shortages caused by the ongoing Middle East conflict. The company warned that any production halt could lead to a supply deficit for downstream customers.

The escalating gas crisis, triggered by tensions in the Strait of Hormuz, poses significant risks to India's natural gas imports, which average about 190 million metric standard cubic metres daily.

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 21 Mar 2026, 07:25 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed −5.1% on the day of the news, from ₹1,169.60 to ₹1,109.60; Nifty −2.6% over the same session; futures OI −0.4%.

Bulletin at 07:25 IST on 21 Mar 2026. Every change is measured from ₹1,169.60, the last close before it, on 20 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 it106811701271axis spans 19%before the news · 20 Mar1170Nifty 50JSWSTEELbulletinD0+1+3+516 Mar27 Mar9 AprFutures open interest, lotspeak 78,000Reference close ₹1,169.60. 16 sessions from 16 Mar to 9 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 %
Before20 Mar₹1,169.60basebase
On the day23 Mar₹1,109.60▼ −5.1%▼ −2.6%−2.5 pp difference
+1 session24 Mar₹1,133.70▼ −3.1%▼ −0.9%−2.2 pp difference
+3 sessions27 Mar₹1,130.30▼ −3.4%▼ −1.3%−2.1 pp difference
+5 sessions1 Apr₹1,140.40▼ −2.5%▼ −1.9%−0.6 pp difference
Gap at the open, % · ₹
▼ −1.4%−15.79 on 23 Mar
Day's range, % · ₹
4.4%≈ 51 high to low
Volume on the day
1.48×the 20-session average
Futures OI on the day
▼ −0.4%−280 lots · long unwinding · price −5.1%
Futures OI open, lots
74,00023 Mar · 30 Mar expiry
Futures premium, ₹
−1.60−0.1% to spot
Puts per call, by OI
0.50from 0.52 the session before
Max pain
1,180from 1,200 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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