Shares of Rathi Steel have given over 30 per cent return in six months and have gained 29.94 per cent so far this year. From the Sensex basket, Mahindra & Mahindra, Maruti, Tata Motors, UltraTech Cement, HCL Technologies and Nestle were the major gainers.

Equity benchmark indices extended their rally in early trade on Tuesday, following optimism in global markets and fresh foreign fund inflows. The 30-share BSE Sensex climbed 152.31 points to 74,823.59 in morning deals. The NSE Nifty went up by 52.9 points to 22,696.30. Amid this, shares of Rathi Steel are focus as the company has informed exchanges that it has commenced work on costoptimisation project.

“This is to inform that the Company has commenced implementing Cost Optimisation Project. Almost all major equipment(s) related to the project have already been received at the site / expected to be received soon. The project involves synchronising the steel casting and rolling process.

Once implemented and stabilised, the said project is expected to result 1 n net savings of fuel and yield. It will also enhance sustainability by reducing Carbon Foot Print,” the company said in a release. The counter was trading at Rs 61.13 at the time of filing this report.

Shares of Rathi Steel have given over 30 per cent return in six months and have gained 29.94 per cent so far this year. From the Sensex basket, Mahindra & Mahindra, Maruti, Tata Motors, UltraTech Cement, HCL Technologies and Nestle were the major gainers.

Bharti Airtel, Tech Mahindra, HDFC Bank and State Bank of India were among the laggards. In Asian markets, Seoul, Tokyo and Hong Kong were quoting in the positive territory while Shanghai traded lower.
Wall Street ended with gains on Monday.

Global oil benchmark Brent crude declined 0.11 per cent to USD 88.30 a barrel. Foreign Institutional Investors (FIIs) turned buyers on Monday after continuous offloading. They bought equities worth Rs 169.09 crore, according to exchange data.

The BSE benchmark jumped 941.12 points or 1.28 per cent to settle at 74,671.28 on Monday. The NSE Nifty went up by 223.45 points or 1 per cent to 22,643.40.