OICHARTS
8 AMThe 8 AM report →
MetalsMedium impactAfter close

SAIL plans 1-MT stainless steel joint venture with Krakatau Steel

after close1 source ↓written by the desknot a recommendation

State-owned Steel Authority of India Ltd. (SAIL) is exploring a joint venture with Indonesia's PT Krakatau Steel to establish a stainless steel project. The proposed capacity ranges from 500,000 tonnes to 1 million tonnes. This partnership aims to meet the increasing demand for stainless steel in India, following a signed memorandum of understanding earlier this week.

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 13 Jul 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SAIL closed −0.3% on the day of the news, from ₹167.01 to ₹166.45; Nifty −0.7% over the same session; futures OI +0.3%.

Bulletin at 16:04 IST on 13 Jul 2026. Every change is measured from ₹167.01, the last close before it, on 13 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 it143.56167.01190.46axis spans 33%before the news · 13 Jul167.01Nifty 50SAILbulletinD0+1+3+57 Jul17 Jul28 JulFutures open interest, lotspeak 45,000Reference close ₹167.01. 16 sessions from 7 Jul to 28 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 %
Before13 Jul₹167.01basebase
On the day14 Jul₹166.45▼ −0.3%▼ −0.7%+0.3 pp difference
+1 session15 Jul₹164.64▼ −1.4%▼ −0.6%−0.9 pp difference
+3 sessions17 Jul₹163.04▼ −2.4%▲ +0.5%−2.9 pp difference
+5 sessions21 Jul₹164.07▼ −1.8%▼ −0.1%−1.7 pp difference
Gap at the open, % · ₹
▼ −0.6%−0.94 on 14 Jul
Day's range, % · ₹
1.9%≈ 3.2 high to low
Volume on the day
0.67×the 20-session average
Futures OI on the day
▲ +0.3%+130 lots · short build-up · price −0.3%
Futures OI open, lots
43,00014 Jul · 28 Jul expiry
Futures premium, ₹
+0.60+0.4% to spot
Puts per call, by OI
0.60from 0.62 the session before
Max pain
170from 170 the session before

Source NSE UDiFF bhavcopy · SAIL on the desk →

Thread · SAILAll SAIL bulletins →

Related