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JSW Steel upgraded to BB+ by Fitch Ratings

after close1 source ↓written by the desknot a recommendation

JSW Steel received a credit rating upgrade from Fitch Ratings, with its Long-Term Issuer Default Rating raised from BB to BB+ and a Positive Outlook. This upgrade follows a debt reduction of ₹373 billion from asset sales, enhancing its financial stability. Fitch anticipates EBITDA net leverage will improve from 4.0x in FY25 to around 2.0x by FY27 due to increased profitability and cost efficiencies.

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 Jul 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed +0.3% on the day of the news, from ₹1,243.20 to ₹1,246.40; Nifty −0.1% over the same session; futures OI −1.3%.

Bulletin at 16:02 IST on 6 Jul 2026. Every change is measured from ₹1,243.20, the last close before it, on 6 Jul. 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 it113512431351axis spans 19%before the news · 6 Jul1243Nifty 50JSWSTEELbulletinD0+1+3+530 Jun10 Jul21 JulFutures open interest, lotspeak 67,000Reference close ₹1,243.20. 16 sessions from 30 Jun to 21 Jul; 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 %
Before6 Jul₹1,243.20basebase
On the day7 Jul₹1,246.40▲ +0.3%▼ −0.1%+0.4 pp difference
+1 session8 Jul₹1,219.50▼ −1.9%▼ −2.2%+0.3 pp difference
+3 sessions10 Jul₹1,245.40▲ +0.2%▼ −0.9%+1.1 pp difference
+5 sessions14 Jul₹1,247.70▲ +0.4%▼ −1.6%+1.9 pp difference
Gap at the open, % · ₹
▼ −0.6%−7.21 on 7 Jul
Day's range, % · ₹
2.5%≈ 32 high to low
Volume on the day
1.74×the 20-session average
Futures OI on the day
▼ −1.3%−830 lots · short covering · price +0.3%
Futures OI open, lots
66,0007 Jul · 28 Jul expiry
Futures premium, ₹
+2.20+0.2% to spot
Puts per call, by OI
0.90from 0.84 the session before
Max pain
1,240from 1,240 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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