Dish TV India, Eris Lifesciences, Bombay Dyeing & Mfg Co. among others, saw heavy and selling on July 06. According to NSE data, HRTI PRIVATE LIMITED bought 91,76,171 shares of Dish TV India at an average price of ₹ 18 per share. Krone investments bought 11,54,118 shares of Nila Space at an average price of ₹ 4.55, according to NSE bulk deal data.
In addition, Hrti private bought 3,46,08,536 shares of Reliance-power-share-price-nse-bse-S0003264″ class=”autobacklink-topic” target=”_blank” data-name=”Reliance Power” >Reliance Power at an average price of ₹ 15.10. M/S. M/S. Prarthana enterprises sold 2,20,16,835 shares of Reliance Power at an average of ₹ 15.22. Hrti private sold 3,69,78,089 shares of Reliance Power at an average price of ₹ 15.09.
HDFC mutual fund bought 20,25,000 shares of Eris Lifesciences Limited Ltd at an average price of ₹ 697. Shah Rakesh sold 27,00,000 shares of Eris Lifesciences Limited at an average of ₹ 697.
A bulk deal is a transaction in which at least five per cent of a company’s total equity shares are traded all at once. These transactions can take place throughout the regular trading session, unlike block deals. Bulk transactions do not require the opening of a special window. However, it is possible in the block deal window.
On the other hand, block deals refer to single trades with a 5 lakh share minimum or a value of ₹10 crore. When two parties agree to buy and sell at least this many shares at the same price, it occurs.
Markets edged higher after two days of pause and gained nearly half a percent. After the flat start, buying in select heavyweights tried to push the Nifty higher but profit taking at the higher levels capped the momentum. It finally managed to end closer to the day’s high at 19497.30 levels, said Ajit Mishra, SVP – Technical Research, Religare Broking.
“The mid- and small-cap segments have outperformed the benchmark index, with realty, oil & gas, power and consumption stocks leading the sectorial rally as provisional & economic data suggests a good Q1FY24 results. However, global markets are displaying a negative trend, influenced by hawkish FOMC minutes and US-China tensions,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Updated: 06 Jul 2023, 11:05 PM IST