TATA STEEL (TATASTEEL)
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Reliance jumps 11.6% as Nifty opens above 23,500 on crude slide
Reliance Industries surged 11.6% to ₹1,299, its biggest single-day gain in over six years, adding ₹1.83 trillion in market capitalisation after Q2 earnings and lifting the Sensex more than 1,200 points. The rally was driven by easing crude oil prices, which fell around 7%, and renewed diplomatic talks on Iran, while Motilal Oswal flagged the Jio Platforms listing as a re-rating catalyst for the telecom sector. The Nifty opened at 23,582.25, up 0.64% from its previous close of 23,440.80, and SAMCO Securities data shows RIL has averaged a 55.3% gain over the next year after single-session rallies above 5%.
Reliance Surges Most Since 2020, Lifting Sensex 1,233 Points
The BSE Sensex closed at 75,692.78, up 1,233.25 points or 1.66%, while the Nifty 50 settled at 23,440.80, gaining 387.70 points or 1.68%, as Reliance Industries posted its strongest single-day gain since April 2020. The rally was driven by better-than-expected second-quarter earnings, improving domestic economic indicators, foreign investors turning buyers, and crude oil's retreat from a six-month high. The Nifty Oil & Gas index surged nearly 6% and the Nifty Metal index rose more than 3%, with Tata Steel, JSW Steel and Shriram Finance among the top gainers and the Nifty Smallcap 250 up 1.35%.
NCLT approves Tata Steel merger with Rujuvalika Investments
2 Min Read The National Company Law Tribunal (NCLT), Mumbai Bench, has approved and sanctioned the Scheme of Amalgamation between Tata Steel and its wholly owned subsidiary Rujuvalika Investments Ltd, along with their respective shareholders. Tata Steel said the NCLT pronounced its order on October 1, 2026. The scheme was proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
CCI approves Tata Steel's additional 23% TMILL stake acquisition
The Competition Commission of India (CCI) on Tuesday approved Tata Steel's proposed acquisition of an additional 23 per cent equity stake in TM International Logistics Ltd (TMILL). TMILL, a public limited company, is a 51:23:26 joint venture between Tata Steel, IQ Martrade and NYK Europe. Following the proposed acquisition, Tata Steel will become the majority stakeholder and IQ Martrade will exit from the JV entity.
Tata Steel, Vedanta, M&M earnings season
4 Min Read Dear Reader, Some days in earnings season belong to the smaller, sharper stories. This was a day where the biggest names simply took up all the oxygen, one after another, each with a print heavy enough to move its own conversation. Start with Tata Steel, because the number that will stick from its quarter isn't even in the results—it's the ₹33,873 crore of capex its board approved for a 4.8 million-tonne expansion in steel capacity.
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Tata Steel Share Price Live Updates: Tata Steel's Price Movement Today - The Economic Times
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