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SAIL and Indonesian firm explore joint venture for stainless steel

pre-market1 source ↓written by the desknot a recommendation

to Indonesia
6-8 July

SAIL and Indonesia's PT Krakatau Steel will explore a joint venture to manufacture stainless steel slabs. This initiative aims to meet the rising demand in India, leveraging Indonesia's rich nickel reserves and SAIL's extensive steelmaking experience. The MoU was signed during Prime Minister Modi's visit to Indonesia from 6-8 July.

This partnership reflects a significant step in enhancing manufacturing value chains between the two nations, potentially boosting SAIL's production capacity and market presence.

• MoU signed during high-level talks

• Focus on stainless steel production

• Strengthening India-Indonesia industrial ties

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 9 Jul 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SAIL closed +2.4% on the day of the news, from ₹162.02 to ₹165.90; Nifty +0.3% over the same session; futures OI −0.2%.

Bulletin at 07:03 IST on 9 Jul 2026. Every change is measured from ₹162.02, the last close before it, on 8 Jul. Nifty 50 is measured over the same sessions.

  • SAIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SAIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it139.27162.02184.77axis spans 33%before the news · 8 Jul162.02Nifty 50SAILbulletinD0+1+3+52 Jul14 Jul23 JulFutures open interest, lotspeak 44,000Reference close ₹162.02. 16 sessions from 2 Jul to 23 Jul; the price axis spans 33 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 %
Before8 Jul₹162.02basebase
On the day9 Jul₹165.90▲ +2.4%▲ +0.3%+2.0 pp difference
+1 session10 Jul₹167.95▲ +3.7%▲ +1.4%+2.3 pp difference
+3 sessions14 Jul₹166.45▲ +2.7%▲ +0.7%+2.0 pp difference
+5 sessions16 Jul₹163.63▲ +1.0%▲ +0.8%+0.2 pp difference
Gap at the open, % · ₹
▲ +0.3%+0.49 on 9 Jul
Day's range, % · ₹
3.6%≈ 5.8 high to low
Volume on the day
0.67×the 20-session average
Futures OI on the day
▼ −0.2%−67 lots · short covering · price +2.4%
Futures OI open, lots
42,0009 Jul · 28 Jul expiry
Futures premium, ₹
+0.83+0.5% to spot
Puts per call, by OI
0.65from 0.65 the session before
Max pain
170from 170 the session before

Source NSE UDiFF bhavcopy · SAIL on the desk →

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