Key barometers witnessed a blockbuster rally on Wednesday, May 27, 2020, led by a surge in banks shares. The Nifty Bank index soared over 7% ahead of monthly F&O expiry on Thursday (28 May). The barometer S&P BSE Sensex jumped 995.92 points or 3.25% at 31,605.22. The Nifty 50 index surged 285.90 points or 3.17% at 9,314.95. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, May 28, 2020. List of such five stocks:

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United Spirits/ Ujjivan Financial Services/ Tube Investment/ Quess Corp/ AB Fashion/ Tata Investment: These are some companies that reported there March quarter FY20 results after the market hours on Wednesday, May 27, 2020. 

United Spirits: Diageo controlled liquor maker United Spirits on Wednesday reported 81% year-on-year decline in net profit decline at Rs 24 crore for the fourth quarter ended March. A year ago, the country's largest liquor firm had posted a net profit of Rs 126 crore during the same quarter. The company’s revenue from operations declined 11% to Rs 1,994 crore from Rs 2,250 crore posted last year. EBITDA stood at Rs 271 crore, down 4%, from Rs 284 crore, Margin grew to 13.6% from 12.6%.
 
Ujjivan Financial Services: Ujjivan Financial on Wednesday reported a 79.2% year-on-year jump in its consolidated net profit at Rs 77.4 crore in the March 2020 quarter. The company had posted a net profit of Rs 43.2 crore during the January-March period of 2019. Its consolidated revenue from during the quarter under review rose to Rs 786.5 crore as against Rs 569.1 crore in the same period a year ago. Net Interest Income (NII) grew 42% to Rs 483.05 crore from Rs 342.6 crore. The board of directors has proposed a final dividend at the rate of Rs 0.80 per share for the FY 2019-20. 

Tube Investment India Limited (TII): The company on Wednesday approved the financial results for the quarter ended March 31, 2020, and reported a 6% year-on-year increase in consolidated profit at Rs 59.8 crore against Rs 56.5 crore reported in the same quarter last year. Revenue from operations declined 22% to Rs 989.4 crore from Rs 1,269.5 crore reported a year ago. EBITDA stood at Rs 127.5 crore, up 4%, from Rs 122.5 crore. Margin appreciated to 12.9% from 9.6% of March quarter last year.
 
Tata Investment Corporation: Tata Investment on Wednesday reported a consolidated net loss of Rs 36.8 crore in the fourth quarter ended March 2020. The company had posted a consolidated net profit of Rs 6 crore in the same quarter a year ago. Total revenue from operations in the quarter under review stood at Rs 21.41 crore.
 
Quess Corp: India's leading business services provider Quess Corp on Wednesday announced its financial results for the quarter and year ended March 31, 2020, and reported a consolidated loss of Rs 629.9 crore year-on-year against Rs 75.5 crore reported in the same quarter last year. The company’s revenue for the March quarter stood at Rs 2,994.6 crore, up 30%, from Rs 2,294.6 crore posted a year ago in the same quarter. EBITDA grew 28% to Rs 168.6 crore against Rs 131.8 crore posted a year ago. The company has reported an exceptional loss of Rs 664 crore in March quarter due to impairment of assets due to Covid-19 outbreak. Besides, the company has acquired 25% stakes in Terrier Security Services. With this, Quess Corp’s stakes in the company have increased to 74% from 49%. 

Aditya Birla Fashion and Retail: The company on Wednesday approved the result for the quarter ended on March 31, 2020, and reported a consolidated net loss of Rs 146.6 crore against the consolidated net profit of Rs 202.64 crore reported in the same quarter a year ago. Revenue from operations stood at Rs 1,831.9 crore, down 4%, from Rs 1,915.3 crore. EBITDA grew 21% to Rs 150.3 crore against Rs 124.5 crore reported a year ago. These financials are posted factoring in necessary adjustments under Ind AS 116. Its board has approved raising Rs 1,000 crore by way of a rights issue.

Oil India Limited: The producing well of Baghjan 5 under Baghjan Oilfield of Oil India in Tinsukia district of Assam witnessed blow out on Wednesday. OIL India Limited‘s (OIL) producing well Baghjan 5 in Upper Assam’s Tinsukia district witnessed blow out. Efforts have been made to vacate the residents residing within the vicinity of the well to safe places.

Vedanta: India Ratings and Research downgrade the long-term issuer rating to IND AA- from IND AA with a negative outlook. The downgrade reflects likely deterioration in the company's credit profile following a substantial decline in economic activity due to Covid-19. Balance sheet leverage remains elevated both in FY20 and FY21.

Telecom Stocks in focus: Government is likely to hold 4G spectrum auction soon. It is expected to get Rs 4 lakh crore from the auction.                

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Indostar Capital Finance: Non-banking financial player IndoStar Capital Finance on Wednesday said it has raised Rs 1,225 crore equity capital from Brookfield. With this investment, Brookfield will become a co-promoter with 24.6 per cent stake, along with IndoStar Capital Mauritius having 45.2 per cent holding at present. It will, now, have the ability to nominate two members to IndoStar’s Board of Directors. Open Offer likely to be launched in June or July, after regulatory approvals. Besides, Amundi Funds Equity India sold 4.71 lakh shares of Indostar Capital Finance at Rs 280 per share.