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Tata Steel, JSW Steel, SAIL share prices rally 3-4% on Citi upgrade

Tuesday, December 17, 2019, 7:56 PM

Share prices of Tata Steel, JSW Steel and SAIL gained 3-4 percent intraday on December-17 after Citi upgraded ratings on these stocks, citing likely increase in global steel prices. The global brokerage house upgraded Tata Steel and JSW Steel (from sell) to buy, and SAIL to neutral. With 2020 an election year in the US, the brokerage expects positive policies for global trade/growth.