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.

The net loss for the quarter came in at Rs. 1.29 crore vs net loss of Rs. 0.15 crore in the corresponding quarter last year. This was mainly due to higher deferred tax expense of Rs. 1.72 crore in the quarter.

Following stocks are close to their 52-week low as at 12.50 p.m. on May 29, 2018.

The markets on May 29, 2018 opened up. BSE Sensex is trading at 35,084.76, down by 80.72 points and the Nifty is trading at 10,670.05, down by 18.60 points.

Realty major Prestige Estates posted a surge of 21 per cent in its net profit for the fourth quarter of the fiscal year 2018.

The PAT for the quarter came in at Rs. 9.37 crore, yoy increase of 15.7 per cent. This was due to a sharp decline in effective tax rate to 5 per cent from 32 per cent in the corresponding quarter last year.

Overall volumes in futures & options currently stand at 88.87 crore contracts with a turnover of Rs. 7,64,196.64 crore.

Overall volumes in futures & options currently stand at 88.87 crore contracts with a turnover of Rs. 7,64,196.64 crore.