Centurion Bank witnesses huge deals in FII-to-FII seg

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Centurion Bank witnesses huge deals in FII-to-FII seg

Centurion Bank has witnessed huge deals in the FII-to-FII segment, at premiums ranging from 8% to 20%, but in the spot market, the stock has hardly moved.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Centurion Bank BSE | NSE 01/01/70 Are Mutual Funds betting on Centurion Bank?

Centurion Bank has witnessed huge deals in the FII-to-FII segment, at premiums ranging from 8% to 20%, but in the spot market, the stock has hardly moved.

In weak markets Centurion Bank of Punjab has witnessed huge deals in FII to FII segment. The rate of spot market for past few days has been in range of Rs 37-40 and if it compared to the FII to FII window, the premium to spot has increased substantially from 8% to 20%. On Aug 21, HSBC Fin had bought 1.9 crore shares @ Rs 47.70/share. It had earlier bought 1.53 crore shares at Rs 47.87/share and 43 lakh shares at Rs 49/share on Aug 16. So that is catching the eye of FII investors.