After opening on weak note today, the Indian markets recovered all of their losses post the announcement of SBI's Q4 results, which came in better than the street's expectation. The Sensex and Nifty are both marginally up by 0.20%.

JK Lakshmi Cement, a leading player in north India, reported strong financial numbers for the March 2012 quarter. The net sales of the company grew by 26 per cent on a YoY basis to Rs 526 crore.

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.

JSW Steel, which has been in the spotlight for an investigation about its alleged involvement in illegal iron ore mining in Karnataka by the Supreme Court, came out with its March quarter numbers on Monday.

The world’s largest steel producing company, Arcelor Mittal, has posted better results for the March 2012 quarter on a QoQ basis. The net profit during the quarter stood at USD 11 million as compared to the loss of USD 1 billion in the previous quarter.

The Indian markets remained weak for the entire trading session today. Weak global sentiments and negative IIP data dampened the investors’ sentiments. The Sensex and Nifty closed with losses of 0.77% and 0.74% respectively.

The markets have extended their morning losses post the release of weak IIP numbers for Mar 2012. The figure stood at -3.5% versus that of 4.1% in Feb 2012.

As expected in our morning update, the Indian markets have opened on a negative note today. The Sensex and Nifty are down by 0.45% and 0.54% respectively.

After opening on a positive note today, the Indian markets lost all their gains in the afternoon trade and closed negative. Weak global cues, especially from Europe, dragged the markets into the red zone in the late afternoon trade.

After opening up by 1% in the morning trades, the Indian markets have lost all their gains and are currently trading on a negative note. The Sensex and Nifty are down by 0.15% and 0.08% respectively.