NMDC, the country"s largest iron ore producer, is set to restart mining at the Panna diamond reserves in Madhya Pradesh in the next three months with the Supreme Court giving conditional nod to such activities at the site.
The markets continue to trade firm. The Sensex is quoting at 16,709, up 107 points, and the Nifty is at 4987, up 34 points. The BSE mid-cap and small cap indices are up in the region of a percent each. Metals, realty and consumer durables have surged in morning trades, while the IT space is subdued.