At 10:45 am, the shares of Tata Steel were trading higher by 3.16 per cent on the BSETata Steel shares got more than 3 per cent in a subdued market after the steel major's earnings leapt in the fourth quarter ended March 2021.

At 10:45 am, the shares of Tata Steel were trading at Rs 1,103.95, higher by 3.16 percent, on the BSE.Tata Steel on Wednesday reported a net earnings of Rs 6,593.5 crore for the quarter ended 31 March, 2021.

The business had published a bottom line of Rs 436.8 crore in the year-ago period.The company's total earnings jumped to Rs 50,249.59 crore in the March 2021 quarter from Rs 37,322.68 crore a year previously.

Total sales volumes rose 0.43 per cent quarter-on-quarter to 4.67 million tonnes due to robust marketing network and improved market conditions.The BSE Sensex was trading at 48,722.40, greater by 38.85 points and the NSE Nifty was at 14,640.75, up 23 points at the time.