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SAIL and Indonesian firm explore joint venture for stainless steel

after close1 source ↓written by the desknot a recommendation

to Indonesia
6-8 July

SAIL and Indonesia's PT Krakatau Steel will explore a joint venture for stainless steel slabs to meet rising demand in India. This initiative follows a memorandum of understanding signed during Prime Minister Modi's visit to Indonesia from 6-8 July. The partnership aims to leverage Indonesia's nickel reserves and SAIL's extensive steelmaking experience.

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 8 Jul 2026, 16:06 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 16:06 IST on 8 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

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