The market ended up higher on Thursday due to firm global cues. The Sensex rose by 160 points to 62,570. 68 and Nifty advanced 48.85 points to end at 18,609. In the same session, a host of bulk deals took place that are likely to affect the stock price on Friday.
Here is a look at deals that are likely to affect stock movement today.
Triveni Engineering Industries: Promoter Dhruv Manmohan Sawhney has sold 1.7 crore shares or a 7% stake in Triveni Engineering via open market transactions. The transaction was done at an average price of Rs 280.75 per share. Goel Anil Kumar acquired additional 18 lakh shares in the company at an average price of Rs 280 per share. Societe Generale bought 14.73 lakh shares and Plutus Wealth Management LLP purchased 40 lakh shares at the same price.
Shalby promoter Dr Vikram Indrajit Shah has purchased additional 30,000 shares or 0.03% of Shalby via open market transactions on December 7. Vikram's stake has gone up to 7.27%, up from 7.24% earlier in the day. Shalby Limited operates a multi-specialty chain of hospitals. The company is mainly involved in the business of setting up and managing hospitals and medical diagnostic services.
73 apiece. The transaction amounted to 16.56 lakh. Ansal Housing is involved in the business of real estate development and hospitality development. The company's business activities include the promotion, construction and development of integrated townships, residential and commercial complexes, multistoried buildings, flats, houses, apartments and shopping malls, among others.
In bulk deals on the NSE, Tango Commosales LLP sold 90,288 shares of Akash Infra-Projects at Rs 34.23 apiece. The transaction was worth of Rs 30.90 lakh. Akash Infra-Projects is involved in the civil construction business. It is involved in various government contracts for the construction, resurfacing, widening, and repair of roads and bridges.
Akshar Spintex : Ilaben Dineshbhai Paghdar sold 1,68, 786 shares of Akshar Spintex Limited at Rs 68.58 apiece in bulk deals on the NSE. The transaction was worth Rs 1.15 crore. Akshar Spintex Limited is primarily engaged in the business of manufacturing and trading spun cotton yarn.