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Block Deals: Reliance, Trent, and SBI Drove Rs 14,602 Crore in Share Transactions Last Week – Details Here!

Block deals totaled Rs 14,602 crore last week, fueling a rally in the Indian stock market for the third consecutive week, with the Sensex and Nifty both gaining 1.5%.

Block Deals: The Indian stock market experienced a positive rally for the third consecutive week, driven by favorable global factors. The benchmark indices saw significant gains starting Tuesday and continued through Friday, buoyed by optimism from the US markets and China’s new stimulus measures. The Sensex and Nifty ended the week with approximately 1.5% gains, closing at 85,771 and 26,178, respectively. However, broader indices lagged behind, finishing flat or slightly lower.

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Block Deals in Large Caps

Last week’s bullish trend saw block deals worth Rs 14,602 crore across various companies, primarily in large caps. A total of 15 large-cap companies recorded block deals worth Rs 5,448 crore. Reliance Industries (RIL) led these transactions with four deals totaling Rs 1,202 crore. Other notable deals included Trent from the Tata Group (Rs 939 crore), Jindal Steel (Rs 483 crore), Bharti Airtel (Rs 321 crore), SRF (Rs 290 crore), State Bank of India (Rs 396 crore), and Infosys (Rs 230 crore). Several other companies, including ICICI Bank and HCL Technologies, had block deals ranging from Rs 142 crore to Rs 99 crore.

Also Read: Reliance Infra Shares Surge After Major Court Ruling; What’s Behind the 60% Spike?

Block Deals in Mid Caps

In the mid-cap sector, block deals totaled Rs 3,192 crore. The largest deal was made by K.P.R. Mill for Rs 965 crore, followed by Lupin (Rs 381 crore), Gland Pharma (Rs 278 crore), and GMR Airports Infrastructure (Rs 243 crore). Other companies that saw deals between Rs 226 crore and Rs 136 crore included Colgate Palmolive, Paytm, Polycab India, and AU Small Finance.

Block Deals in Small Caps

In the small-cap segment, 12 companies completed block deals amounting to Rs 5,962 crore. Five Star Business Finance had the highest deal at Rs 2,859 crore, followed by Reliance Power (Rs 564 crore) and Sterling & Wilson (Rs 1,113 crore). Other companies in this category included CarTrade Tech, Easy Trip Planners, and Gulf Oil Lubricants.

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