This is a daily update of the markets in under 200 words.

Sensex Gained 295 Points Today

Sensex

Sensex gained 295 points today. Nifty too climbed over 10,500 reversing the recent downward trends caused by LTCG initially and the global correction later on.

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Tata Steel

Tata Steel’s stock climbed 5% in the morning’s trade after it announced a 5 fold increase in its consolidated net profit.

The announcement had been made on Friday and the stock had risen on Friday too.

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Amara Raju Batteries

Amara Raju Batteries profit grew by 20% this quarter. It stood at Rs 134 crore as opposed to Rs 112 crore for the same period last year.

The 20% rise in profits beat the street’s estimates.

Read more here.

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