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MetalsHigh impactPre-market

JSW Steel shareholders approve restructuring and joint venture

pre-market1 source ↓written by the desknot a recommendation

for three strategic
99.99% approval

JSW Steel Limited received overwhelming support from shareholders, with 99.99% approval for three strategic resolutions during a postal ballot on 4 Feb 2026. Key decisions included material related party transactions and the transfer of steel business undertaking, crucial for enhancing its international partnership with JFE Steel Corporation. This restructuring is expected to strengthen JSW's market position.

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 6 Feb 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 ₹1,239.80 to ₹1,236.20; Nifty +0.2% over the same session; futures OI +0.3%.

Bulletin at 07:03 IST on 6 Feb 2026. Every change is measured from ₹1,239.80, the last close before it, on 5 Feb. 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 it113212401347axis spans 19%before the news · 5 Feb1240Nifty 50JSWSTEELbulletinD0+1+3+51 Feb11 Feb20 FebFutures open interest, lotspeak 81,000Reference close ₹1,239.80. 16 sessions from 1 Feb to 20 Feb; 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 %
Before5 Feb₹1,239.80basebase
On the day6 Feb₹1,236.20▼ −0.3%▲ +0.2%−0.5 pp difference
+1 session9 Feb₹1,245.00▲ +0.4%▲ +0.9%−0.5 pp difference
+3 sessions11 Feb₹1,249.20▲ +0.8%▲ +1.2%−0.5 pp difference
+5 sessions13 Feb₹1,232.00▼ −0.6%▼ −0.7%0.0 pp difference
Gap at the open, % · ₹
▼ −0.5%−5.95 on 6 Feb
Day's range, % · ₹
1.3%≈ 16 high to low
Volume on the day
0.50×the 20-session average
Futures OI on the day
▲ +0.3%+250 lots · short build-up · price −0.3%
Futures OI open, lots
80,0006 Feb · 24 Feb expiry
Futures premium, ₹
+2.70+0.2% to spot
Puts per call, by OI
0.75from 0.77 the session before
Max pain
1,220from 1,220 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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