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ManufacturingMedium impactPre-market

Tata Steel receives Supreme Court stay on ₹890.52 cr GST dispute

pre-market1 source ↓written by the desknot a recommendation

$106 million goods
₹890.52 crore

Tata Steel received a stay order from India’s Supreme Court on a ₹890.52 crore ($106 million) goods and services tax dispute. The stay halts all proceedings until the next hearing, following a Special Leave Petition by the company. This development may alleviate immediate financial pressure on Tata Steel, potentially boosting investor sentiment.

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 22 May 2026, 07:14 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed +0.3% on the day of the news, from ₹208.58 to ₹209.19; Nifty +0.3% over the same session; futures OI +0.6%.

Bulletin at 07:14 IST on 22 May 2026. Every change is measured from ₹208.58, the last close before it, on 21 May. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it185.72208.58231.44axis spans 25%before the news · 21 May208.58Nifty 50TATASTEELbulletinD0+1+3+515 May27 May8 JunFutures open interest, lotspeak 79,000Reference close ₹208.58. 16 sessions from 15 May to 8 Jun; the price axis spans 25 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 %
Before21 May₹208.58basebase
On the day22 May₹209.19▲ +0.3%▲ +0.3%0.0 pp difference
+1 session25 May₹210.22▲ +0.8%▲ +1.6%−0.8 pp difference
+3 sessions27 May₹214.70▲ +2.9%▲ +1.1%+1.9 pp difference
+5 sessions1 Jun₹210.57▲ +0.9%▼ −1.1%+2.1 pp difference
Gap at the open, % · ₹
▲ +0.5%+1.02 on 22 May
Day's range, % · ₹
1.3%≈ 2.6 high to low
Volume on the day
0.71×the 20-session average
Futures OI on the day
▲ +0.6%+440 lots · long build-up · price +0.3%
Futures OI open, lots
75,00022 May · 26 May expiry
Futures premium, ₹
+0.080.0% to spot
Puts per call, by OI
0.60from 0.57 the session before
Max pain
210from 210 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

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