Nifty Opens Lower; Tata Steel in Focus Today

Tata Steel missed Q3 profit estimates; its consolidated net profit fell 69 per cent year-on-year to Rs 157 crore as raw material crunch curtailed its domestic production. Analysts polled by NDTV had estimated Tata Steel to report a net profit of Rs 162 crore. Larsen & Toubro will report Q3 numbers today; it is likely to report a net profit of Rs 1,244 crore on revenues of Rs 15,714 crore, according to analysts polled by NDTV...