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The automaker is seen posting a consolidated net profit of Rs 285 crore, compared with a loss of Rs 1,516 crore a year ago, and a loss of Rs 945 crore a quarter ago. Tata Motors’ production in the December quarter rose 12% on-year to 221,416 units, due to strong demand in the domestic market, even as exports nearly halved.

“The Fed is really making some policy mistakes and it will pivot sometime in the first half this year”

Nifty bears were active around the 18,200 level, and the index remained under pressure throughout the day. It is stuck in a broad range between 17,900 and 18200, and a break on either side will lead to trending moves. The options data shows aggressive writing at the 18,200CE strike, and the lower-end support is visible at 18,000PE, where the put side has the most open interest.

Tata Motors is among a few key domestic companies that will announce third quarter earnings on Wednesday. >> For more such web stories click on the ET icon below

The U.S. is no longer the cleanest shirt in the global economic laundry," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank, who expects the dollar index to fall to 100 by end-March and the euro to rise to $1.10.

From the Sensex pack, Tata Motors and Maruti were the top gainers, rising over 3%. HCL Tech, HDFC Bank, HDFC, Asian paints, IndusInd Bank and TCS also closed with gains

As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.

The partially convertible rupee eased to 81.72 per dollar, compared to its previous close of 81.390. The currency breached its 100-day moving average of 81.733 late in the session, falling 0.7% in two sessions.Traders had earlier cited fixing-related dollar demand and stop losses of speculators being triggered after the Reserve Bank of India (RBI) was suspected to be in the market on Monday.

The Nifty IT index closed 0.77 per cent up at 30316.9.

At the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago.On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 5.63 per cent of gross advances as compared to 8 per cent at the end of the third quarter of 2021-22.