Monnet Ispat, a producer of sponge iron, steel, ferro alloys and power has reported good results for the March 2012 quarter. The topline of company has jumped by 20.1 per cent on a YoY basis to Rs 537 crore. The jump in the sales was mainly on account of the increase in the realisation of sponge iron, which grew by 23.2 per cent to Rs 24,159 per tonne.

After yesterday’s disappointing performance by Indian equities, the markets gave investors a sigh of relief. Though the markets kept shedding few points every hours, they still managed to finish the day in positives.

The Indian markets have cut down some of their morning gains, but are still trading in the positive territory. The Spanish GDP data has come in negative, which has led to a negative opening  in the European markets.

The markets have opened in gains today following positive global cues. The Sensex is trading up 1.02% at 16194, while the Nifty is up 1.05% at 4909.

Indian equity markets cut back its losses and open positive. The SGX Nifty is trading up by 25 points at 4869 indicating a gap up opening to markets today.