JSW Steel Ltd. Share Price

TCS Jumps 5% After Q2 Results; Market Rebounds

Markets opened higher today after Thursday’s sharp sell-off (Sensex -1,045 points, Nifty -371 points). The Sensex opened at 71,776.67 against a previous close of 71,593.24, and the Nifty opened around 22,314-22,324. Two things drove the recovery. US Treasury yields pulled back, and oil eased after reports that Trump ruled out an Iran attack before November. The gains built through the morning, and by 11 AM the Sensex was up 809 points (1.13%) at 72,402.51. 1)

JSW Steel: production growth keeps the stock in focus

JSW Steel reported 5% YoY growth in consolidated crude steel production to 7.27 million tonnes in Q2 FY27. India production also grew 5% YoY to 7.07 million tonnes. The sequential improvement is more interesting. Overall production increased 10% QoQ, while India production rose 11% during the quarter. For a steel company, volume growth is only one part of the earnings story. The next question is whether higher production can translate into better profitability. Steel prices, spreads, raw-material costs and capacity utilisation will determine how much of this volume growth reaches the bottom line. India remains the key market to watch. Higher domestic production combined with healthy demand from infrastructure, automobiles and construction could support volumes. At the same time, investors need to keep an eye on imports and global steel prices. The timing is also important. The Nifty 50 fell 1.64% on Thursday, closing at 22,231.80. In this weak market, stocks showing positive operating momentum deserve closer attention, but the broader trend remains under pressure. For traders, I would watch the reaction to the Q2 production numbers rather than buying simply because production increased. A sustained move above the recent resistance zone with strong volumes would provide better confirmation. For investors, the key numbers in the upcoming results will be EBITDA per tonne, steel realisations, net debt and management commentary on demand. My view: The production update is positive, particularly because of the sequential improvement. But the real trigger will be whether margins and cash generation improve along with volumes. Disclosure: I do not hold JSW Steel shares as of this post. This content is for educational and informational purposes only and is not a recommendation to buy or sell.

Tata Steel: India delivers, but Europe keeps dragging

JSW Steel reports 5% growth in crude steel production

JSW Steel has reported consolidated crude steel production of 7.27 million tonnes for the second quarter of FY27 (Q2FY27), registering a 4.60% year-on-year increase from 6.95 million tonnes in Q2FY26. The company's Indian operations reported a 5.37% rise in crude steel production to 7.07 million tonnes in Q2FY27 from 6.71 million tonnes in Q2FY26. However, JSW Steel USA (Ohio) produced 0.20 million tonnes of crude steel in Q2FY27, a decline of 16.67% from 0.24 million tonnes produced in Q2FY26. Impact : Higher production volumes have not guaranteed immediate profitability. Scaling up production has driven up raw material consumption at a time when global coking coal surges of $12–$15 per tonne are actively squeezing operating EBITDA margins. View : The physical production numbers are only the first step. The stock's near-term recovery will rely entirely on the upcoming financial results announcement, where real product pricing power and net realizations will be revealed. The Q2 FY27 production numbers present a mixed operational narrative for JSW Steel Limited. While the topline output indicates strong execution, the underlying performance details carry distinct corporate, operational, and financial implications. Disclosure : I do not hold any position in the mentioned stock. Disclaimer : Investment in securities are subject to market risk. This is only for educational purpose.

True Green Surges 20% as Markets Face Heavy Selling

The Indian market closed sharply lower today, with the Nifty 50 falling 371.25 points (1.64%) to 22,231.80, while the Sensex declined 1,045.46 points (1.44%) to 71,593.24. The Nifty touched an intraday low of 22,179.90, reflecting broad-based selling pressure. True Green Bio Energy was today's standout gainer, surging 19.99% to ₹187.30 from its previous close of ₹156.10. The stock opened at ₹144.05, touched ₹187.30 and closed at the day's high, making the move particularly notable. The Financial Express The stock's move came despite an extremely weak broader market. While the Nifty fell 1.64%, True Green gained almost 20%, showing significant stock-specific strength. True Green has also had a volatile recent run. Before today's jump, the stock had fallen from ₹182.00 on October 1 to ₹156.10 on October 7, meaning today's rally effectively reversed much of the recent decline. EquityPandit The broader NSE market remained under pressure, with Adani Enterprises,

Nifty Outlook for 09-Oct-2026 Looks Bearish

Nifty concluded the October 8 session on a deeply bearish note, plummeting 1.64% (371.25 points) to settle at 22,231.80 after hitting a fresh 52-week low of 22,179.90. Technical structures point to a strongly bearish bias heading into tomorrow, October 9, 2026. Aggressive foreign institutional investor (FII) outflows, an unexpected hawkish policy tightening from the RBI. The Daily MACD and Hourly MACD below zero indicates selling pressure and bearish sentiment. The Daily RSI 14 below 30 and Hourly RSI 14 also below 30 indicates a increase in momentum of bearish trend. Thus the overall trend of Nifty looks bearish, and the sellers are in control over the markets. Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 22380 Resistance 2 - 22415 Support 1 - 22090 Support 2 - 22055 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : INFY, TECHM, AXISBANK. Top Losers : ADANIENT, JSWSTEEL, ITC.