A follow-through move below Tuesday’s session low of 10,616 could lead the market to test its 100-day SMA. Stocks in news: Avenue Supermarts, UFLEX, Jubilant Foodworks, Glenmark Pharmaceuticals, GNFC, RSWM, Rushil Décor and Fortis Healthcare.

Indian markets are likely to make a pessimistic start amid weak global cues. Traders will be concerned as the Italian political crisis is now threatening to transform into an economic crisis. The trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty may witness a gap-down opening of 74 points around levels of 10,535.  

The share price of Vista Pharmaceuticals surged by about 10 per cent on the bourses in intraday trade on Tuesday.

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.