Throughout the week, the Indian stock market witnessed significant block deals amounting to over Rs 27,500 crore across various segments, indicating notable buying and selling activity. Despite the Nifty50 ending with a decline of over 2.1% on a weak-on-weak basis, the market remained dynamic with substantial transactions.
Large Cap Segment
In the large cap segment, 15 prominent companies recorded substantial block deals totaling Rs 23,532 crore. Leading the pack was ITC, with three block deals amounting to Rs 19,252 crore. Other significant players included HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Bharti Airtel, and Reliance Industries, among others.
Midcap Segment
In the midcap segment, twelve companies witnessed notable block deals totaling Rs 2,914 crore. APL Apollo Tubes emerged as the leader with a deal size of Rs 786 crore, followed by Macrotech Developers, Max Healthcare, and Sundaram Finance.
Smallcap Stocks
Block deals worth Rs 1,081 crore were struck in twelve smallcap companies. Kfin Technologies, Titagarh Rail Systems, and Metropolis Healthcare were among the top performers in this segment.
Insider Deals
Additionally, Nuvama reported significant bulk, block, and insider deals in ten stocks, providing details on buyers and sellers. Notable transactions included Morgan Stanley’s acquisition of shares worth Rs 633 crore in Interglobe Aviation, alongside Rakesh Gangwal’s sale of shares worth Rs 6,787 crore. Sambhavnath Infrabuild also sold shares worth Rs 587 crore in Macrotech.
Conclusion
Despite market fluctuations, the week witnessed robust trading activity with substantial block deals across large, mid, and smallcap segments. These transactions underscore the continued investor interest and confidence in the Indian stock market, reflecting diverse opportunities for both buyers and sellers.
