Bank of India is likely to get the highest amount of Rs 10,086 crore, out of these seven PSBs, followed by Oriental Bank of Commerce, which might get Rs 5,500 crore through recapitalisation bonds, sources added.

The stocks most likely to witness significant movement on the bourses on December 31, 2018 are Peninsula Land, HT Media, Tata Steel, KIOCL and SAIL.

Following stocks are close to their 52-week low as at 1.59 p.m. on December 28, 2018.

The markets on December 28, 2018 opened gap up. BSE Sensex is trading at 36,153.28, up by 346.00 points and the Nifty is trading at 10,881.65, up by 101.85 points. 

The company has set January 7 as the record date for its rights offering wherein Majesco USA's shareholders will be issued subscription rights. This offer will help Majesco raise funds for its recent Exaxe acquisition.

Asset under management of the domestic mutual fund industry at the end of November 2018 shows that investors from B30 prefer equities while the presence of institutional investors in T30 cities tilt asset towards non-equity assets.

Overall volumes in futures & options currently stand at 3.63 crore contracts with a turnover of Rs. 21,62,816.58 crore.

Overall volumes in futures & options currently stand at 3.63 crore contracts with a turnover of Rs. 21,62,816.58 crore.

Going ahead, we expect Nifty to continue its upside momentum; however, the level of 10,882 is likely to act as an immediate resistance.A breach of this resistance will allow the index to scale towards the zone of 10,920-10,950. On the flip side, the gap area which was formed on December  27 (10747.50-10764.45) is likely to act as support for the index. 
Stocks in news: Tata Steel Ltd, Rane (Madras) Ltd, Lemon Tree, Tata Power, Selan Exploration Technology, Kansai Nerolac Paints, Suven Life Sciences.