SAIL shares surged 19% in two sessions as a heavy build-up of bearish derivative positions triggered a sharp short squeeze. Rising prices forced traders to unwind concentrated short bets amid margin pressure and stop-loss hits, creating a cycle of accelerated buying and pushing the stock sharply higher.

Shares of Steel Authority of India (SAIL) jumped 14% on Wednesday, driven largely by a short squeeze as traders with heavy bearish derivative positions were forced to cover…

SAIL shares surged 19% in two sessions as a heavy build-up of bearish derivative positions triggered a sharp short squeeze. Rising prices forced traders to unwind concentrated…