Moody’s Ratings has upgraded Reliance Industries’ credit rating to Baa1 from Baa2, citing its diversified business model, strong liquidity position and disciplined financial management. The rating agency also upgraded TCS, Infosys and Tata Steel following changes to its sovereign-linked rating methodology.
Steel stocks: Nomura said large and blast-furnace-based steel players are relatively better positioned than smaller and gas-based DRI steel producers.
Tata Steel stock: At the current market price, the Tata Group stock has gained 40.25% from its 52 week low of Rs 149.70 reached on June 13, 2025.
BEL, which reported its Q4 earnings on Wednesday, slipped 3.30% to Rs 407.10 today against the previous close of Rs 423.15.
Among Sensex constituents, Tata Steel plunged 2.03% to Rs 205.05. Bharat Electronics (BEL) slipped 1.56%.
Sensex rose 117 points to 75,435 and Nifty gained 18 points to 23,667 in early deals today.
Stock market today: The BSE Sensex was trading at 74,334.75, down 903.24 points or 1.20 per cent. Nifty stood at 23,360, down 283.20 points or 1.20 per cent.
At last check, Tata Steel was down 4.11 per cent at Rs 207.90. SAIL fell 0.65 per cent at Rs 191.10, while JSW Steel shed 0.35 per cent to Rs 1,274 level.
Sensex crashed 865 points to 74,372 and Nifty slipped 257 points to 23,379 in early deals today.
Tata Steel stock: The rally in the metal stock is backed by strong earnings, stellar domestic infrastructure demand, and massive structural cost savings.
Stocks like Tata Steel, Coal India, SAIL, Power Grid Corp, REC, Adani Ports & SEZ, ITC Hotels, RBL Bank, Balrampur Chini, PFC will be in the spotlight on Monday, May 18.




