Money on the markets
A maturing market amid the mayhem
All stocks in the metal index closed in the green, with Gujarat NRE Coke and Sesa Goa leading the pack with gains of over 7 percent each.
Sterlite Industries and Tata Steel added 6.5 and 4.2 percent respectively.
The metal index has gained over 12 percent this month, outperforming the return of the Sensex which has gained only 6 percent in the period.
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The benchmark index managed to recover all of Monday’s losses.
Satyam remained in focus after it posted a consolidated net profit of 1.6 billion rupees in the December quarter. Its shares jumped on this news and hit an upper circuit of 10 percent.