Packaging major Uflex announced a quality performance for FY18 on Tuesday, May 29, 2018. The company’s consolidated total revenue soared 12 per cent to Rs 1815.6 crore for the fourth quarter on a yearly basis. 

 Transformers and Rectifiers reported strong results for the quarter with more than 6 times jump in the company's bottom-line.

 Cox & Kings reported net loss for the quarter due to higher tax expenses in the current quarter. However, the top-line and operating performance of the company was remarkable.

Gravita India reported strong results for the quarter with robust revenue growth and strong operational performance.

NLC India posted weak results citing lower revenues and poor operational performance due to heightened employee benefit expenses.

The PAT for the quarter came in at Rs. 19.75 crore vs just Rs. 1.93 crore in the corresponding quarter last year.

Looking at the full year numbers, we see that revenue jumped by 1 per cent to reach Rs. 3,531.01 crore while EBITDA rose by 3 per cent to Rs. 275.03 crore.

Indian stock markets retreated after three consecutive upticks on Tuesday, all thanks to the PSU banks. Nifty PSU Bank index plunged more than 3 per cent after six straight upbeats, dragging the entire market downwards. A pullback after a breakout or a total turnback is just a matter of time.

Cords Cable Industries was buzzing on the bourses on Tuesday as the company informed that it has won three bulk contracts in the states of Assam, Gujarat and Harayana.

Brent hit Double Top at 80.50 and has corrected near to 76.4 per cent retracement. If the prices bounce back, we hold 76.80-77.80 as immediate resistances, followed by 78.20. Above 80.50, we can talk of 88 levels. In case the prices continue to correct, we may see 72.38-70.80 followed by 66.90 as supports.