Today’s Beneficial Trading Call by TradeIndia Research

Today’s Beneficial Trading Call by TradeIndia Research

CALL: SELL COPPER NOV BELOW 372, T1- 370.50, T2- 369, T3- 367, SL ABOVE 375.

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Stock Market News Tata Motors tanks 9% as forex hurt JLR Q2 edges; experts wary

Shares of Tata Motors drooped 9 percent hitting intraday low of Rs 462.05 on Tuesday after its September quarter disappointed street. Experts are stressed over both its JLR and standalone business. JLR's edges fell 190 basis points at 10.3 percent on yearly premise. Supporting losses and forex revaluation of 318 mn pounds affected JLR edges in Q2.

Tata Motors posted net benefit of Rs 848 crore in Q2 from lost Rs 1,740 crore in relating quarter last financial. Amid the quarter, its net income was up 6.94% at Rs 67000 crore, against Rs 62,647 crore in the year-prior period.

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At 12:44 hrs Tata Motors was citing at Rs 466.90, down Rs 40.50, or 7.98 percent on the BSE.

Commodity Market News Toll Free No 18003157801

Gold futures fall Rs 235 on weak global cues Gold fell Rs 235 to Rs 29,372 for each 10 grams in futures exchange today as members decreased their positions, to a great extent in accordance with a weak trend overseas.

Besides, profit booking at existing levels likewise weighed on gold futures.

At Multi Commodity Exchange, gold for delivery in December was trading lower by Rs 235 or 0.79% at Rs 29,372 for every 10 grams in a business turnover of 3,584 parts. We offer accurate Free Commodity Tips on mobile.

Likewise, the metal for delivery in February one year from now shed Rs 204 or 0.69% to Rs 29,152 for each 10 grams in 161 parcels.

Experts said besides a weak trend in the overseas markets, profit booking by investors at current levels, weighed on the precious metal in future exchange here.

All around, gold fell 0.54% to USD 1,221 an ounce, in New York yesterday.

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