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The Economic Times
The Economic Times
Akash Podishetti

A short squeeze or sentiment rally? Here's why SAIL shares surged 14% today

Shares of Steel Authority of India (SAIL) surged nearly 14% on Wednesday in a sharp rally that market experts attributed largely to a short squeeze triggered by extremely crowded bearish positioning in the derivatives segment.

The stock witnessed unusually high activity during the session as traders rushed to cover short positions amid rising prices and mounting margin pressure.

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