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Steel Exchange India credit rating upgraded to BBB+

pre-market1 source ↓written by the desknot a recommendation

Steel Exchange India Limited announced a credit rating upgrade from Infomerics Valuation and Rating Limited on 23 September 2026. The upgrade includes Non-Convertible Debentures worth ₹198.56 cr and long-term bank facilities of ₹359.63 cr, both raised to IVR BBB+/Stable. Short-term facilities also improved from IVR A3 to IVR A2, indicating enhanced creditworthiness.

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 24 Sept 2026, 07:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

STEELXIND closed −4.8% on the day of the news, from ₹12.01 to ₹11.43; Nifty −1.6% over the same session.

Bulletin at 07:05 IST on 24 Sept 2026. Every change is measured from ₹12.01, the last close before it, on 23 Sept. Nifty 50 is measured over the same sessions.

  • STEELXIND close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
STEELXIND closes around the bulletin against the close before the news, with Nifty 50 rebased to it9.1712.0114.85axis spans 62%before the news · 23 Sept12.01Nifty 50STEELXINDbulletinD0+1+3+517 Sept24 Sept1 OctReference close ₹12.01. 11 sessions from 17 Sept to 1 Oct; the price axis spans 62 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 %
Before23 Sept₹12.01basebase
On the day24 Sept₹11.43▼ −4.8%▼ −1.6%−3.2 pp difference
+1 session25 Sept₹11.29▼ −6.0%▼ −1.3%−4.7 pp difference
+3 sessions29 Sept₹11.19▼ −6.8%▼ −3.1%−3.7 pp difference
+5 sessions1 Oct₹11.22▼ −6.6%▼ −4.4%−2.2 pp difference
Gap at the open, % · ₹
▲ +2.0%+0.24 on 24 Sept
Day's range, % · ₹
9.6%≈ 1.2 high to low
Volume on the day
1.34×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · STEELXIND on the desk →

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