Telecom stocks zoomed on Friday after the elder brother Mukesh Ambani cued buying of Anil Ambani’s Reliance Communication assets under its new but popular Reliance Jio brand. Jio inked definitive agreement to buy out RCom assets which would help RCom repay debts which currently stands at around Rs. 49,000 crore.

Public sector banking major, Canara Bank has backtracked on its plans to sell off stakes in Canara Robeco Asset Management Company. The bank had announced a monetization drive in November this year, wherein it had put its AMC, registrar and transfer agent businesses on the block.

We are at the doorstep of 2018 and that the trading the month of January 2018 would kick off with the auto sales data. The last trading day of 2017 witnessed a sharp upsurge in the Nifty Auto index may be ahead of good auto sales numbers to be released by Auto majors in the next week. 

We are at the doorstep of 2018 and that the month of January 2018 would kick off with the auto sales data. The last trading day of 2017 witnessed a sharp upsurge in the Nifty Auto index.

Axis Bank, the third largest private bank, is looking out for buyers to take controlling stake in GMR Chhattisgarh. Listed entity, GMR Infrastructure holds 47.6 per cent share in GMR Chhattisgarh Energy.

Nifty PSU index has been highly volatile throughout the year 2017. Recently the index was struggling at the trendline level in an indecisive manner.

For the so far neglected sector, realty, 2017 as a highly momentous year in terms of the index movement since 2012. Nifty Realty index survived all odds and surged as much as 110 per cent in 2017.

Following stocks are close to their 52-week low as at 12.29 p.m. on December 29.

The markets on December 29 opened gap up. BSE Sensex is trading at 34,006.80, up by 158.77 points and the Nifty is trading at 10,517.40, up by 39.50 points.

Tata Global Beverage (TGB) breached its 52-week high in the early trade on Friday as the company announced the sale of stake in its associate company.