Stock Market News - Adani port gains 3%, Music Broadcast Jumps

Adani Ports gains 3% -  

Shares of Adani Ports and Special Economic Zone gained 3.6 percent in the early trade on May 28 after the company posted strong numbers for the quarter ended March 2019.

Yes Bank, Gail India, Adani Port, Zee Entertainment, Coal India, Asian Paints, SBI and Kotak Mahindra Bank are some of the major gainers in the early trade, while losers are Emami, HPCL and IOC. Among sectors, FMCG and PSU bank index is under pressure, while buying seen in the metal, auto, infra, and pharma.

Rupee Opens: 

The Indian rupee slipped in the early trade on Tuesday. It has opened lower by 15 paise at 69.65 per dollar on Tuesday versus previous close 69.50.

Music Broadcast Jumps - 

 On Acquisition Plans Shares of the Radio City FM channel operator in India rose as much as 6.2 percent to Rs 62.50. The company board approved the acquisition of the entire stake of Reliance Broadcast Network (Big FM) for Rs 1,050 crore, according to its stock exchange filing. 

Shares of Manpasand Beverages -

 hit the lower circuit of 20 percent for the second consecutive trading session. The company canceled its board meeting scheduled on May 28. Milind Babar resigned from the post of director with effect from May 27, due to the media statement issued by the GST Department.

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