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Tata Motors deficit increased Q3, Market eyed on the ECB and Federal Reserve meeting today

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Gold is trading in a narrow range, at MCX the price is below Rs 35000 while at COMEX the price is near 1420$. Market eyed on the ECB and Federal Reserve meeting today. However, Gold demands are lower in the current market.

After the sharp fall of yesterday, crude oil is stable. NYMEX WTI is doing business with $ 56, Brent 63 rupees. After the decline of 1.6 percent in the last session, Crude sustained. US manufacturing growth dropped below the 10-year level. After bad PMI statistics in Europe, prices declined. Due to the effect on Global demand Crude oil price was dropped yesterday. At MCX, Crude oil is trading below Rs 3900. Base Metal prices also declined. MCX nickel price falls more than 1%.

In the first quarter of the fiscal year, 2020, Tata Motor’s deficit increased to Rs 3698 crore. In the first quarter of the year 2019, it was Rs 1902 crore. In the first quarter of the fiscal year, 2020 Company’s income is Rs 61467 crore.

Till the news is written the NSE Nifty was trading at 11243.20 down 0.08% and BSE SENSEX was trading at 3771.70 down 0.16%.

Top gainers NSE: Bajaj Finance Ltd, Bajaj Finserve Ltd, Yes Bank, Bharti infratel, Zee Entertainment.

Top Losers NSE: Indian oil, Vedanta, Bharti Airtel, Infosys, Tata consultancy.