28th May, 2019 Morning Brief

Market will open on a positive note in continuation of yesterday's rally.

Asian stocks chalked modest gains at the open, while U.S. markets remain shut due to the Memorial Day holiday.

The Nifty formed a bullish candle on the daily charts and ended at record closing high. Nifty should sustain above its yesterday's high ie 11958 to avoid profit booking otherwise Nifty can be pushed below 11900.

🎯 News & Impact 🎯

Major Results Today

PNB, Sun Pharma

Results Updates :

🎯 Oil India Q4 :
Loss of Rs 208.5 crore versus profit of Rs 1,233.4 crore;
Revenue down 12.2 % at Rs 3,086.9 crore versus Rs 3,514 crore (QoQ).

🎯 Adani Ports Q4: Profit up 38.7 percent at Rs 1,285.4 crore versus Rs 926.8 crore; revenue down 3.2 percent at Rs 3,082.5 crore versus Rs 3,182.9 crore (YoY).

🎯 NHPC Q4 :
Profit jumps to Rs. 492.3 crore versus Rs. 199.8 crore;
Revenue up 71.5 % at Rs 1,950.3 crore versus Rs.1,137.3 crore (YoY).

🎯 Zee Entertainment Q4 :
Profit up 26.8 % at Rs. 292.5 crore versus Rs 230.6 crore;
Revenue up 17 % at Rs 2,019 crore versus Rs 1,725.3 crore (YoY).

🎯 InterGlobe Aviation Q4 :
Profit jumps to Rs 589.6 crore versus Rs 117.6 crore;
Revenue up 35.9 % at Rs 7,883.3 crore versus Rs 5,799.1 crore (YoY).

🎯 Reliance Capital :
Company divests entire stake in Big 92.7 FM radio business to Music Broadcast.
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Edited by Sharp.