OICHARTS
8 AMThe 8 AM report →
MetalsManufacturingMedium impactPre-market

Steel companies request government action on propane shortage

pre-market1 source ↓written by the desknot a recommendation

Steel industry players, including JSW Steel and Tata Steel, are urging government intervention to address propane shortages impacting coated steel production. The crisis, linked to disruptions from West Asia, threatens the availability of this essential gas used in the coating process. Without prompt action, the situation may lead to significant operational challenges for the sector.

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 17 Mar 2026, 07:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed +1.9% on the day of the news, from ₹1,145.60 to ₹1,167.20; Nifty +0.7% over the same session; futures OI −0.7%.

Bulletin at 07:11 IST on 17 Mar 2026. Every change is measured from ₹1,145.60, the last close before it, on 16 Mar. 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 it104611461245axis spans 19%before the news · 16 Mar1146Nifty 50JSWSTEELbulletinD0+1+3+510 Mar20 Mar2 AprFutures open interest, lotspeak 79,000Reference close ₹1,145.60. 16 sessions from 10 Mar to 2 Apr; 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 %
Before16 Mar₹1,145.60basebase
On the day17 Mar₹1,167.20▲ +1.9%▲ +0.7%+1.1 pp difference
+1 session18 Mar₹1,180.30▲ +3.0%▲ +1.6%+1.4 pp difference
+3 sessions20 Mar₹1,169.60▲ +2.1%▼ −1.3%+3.4 pp difference
+5 sessions24 Mar₹1,133.70▼ −1.0%▼ −2.1%+1.1 pp difference
Gap at the open, % · ₹
▲ +0.1%+1.37 on 17 Mar
Day's range, % · ₹
2.6%≈ 30 high to low
Volume on the day
1.20×the 20-session average
Futures OI on the day
▼ −0.7%−520 lots · short covering · price +1.9%
Futures OI open, lots
77,00017 Mar · 30 Mar expiry
Futures premium, ₹
−0.400.0% to spot
Puts per call, by OI
0.54from 0.51 the session before
Max pain
1,200from 1,200 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

Related