Bulk deals: Larsen & Toubro, Vidyaniti LLP picks up stake in National Highways Infra Trust, SBI MF sells 6.1 cr shares

The following stocks were sold via bulk deals on March 20.

National Highways Infra Trust

SBI Mutual Fund sold 6.1 crore shares at a price of Rs 133.5 apiece while Larsen & Toubro bought 2.24 crore shares and Vidyaniti LLP purchased 3.75 crore shares at the same floor price.

Gensol Engineering

Multiple bulk deals took place in the counter as Multiplier Shares and Stock Advisors offloaded 2 lakh shares at an average price of Rs 242.44 per share while India Chain Pvt Ltd sold 4.3 lakh shares at a floor price of Rs 236.74 apiece.

Cinco Stock Vision also sold off 2.3 lakh shares at an average of Rs 244.37 apiece and Agnija Tie-Up Pvt Ltd dumped 2 lakh shares at Rs 237.9 per share.

Panacea Biotech

Magic-Square Hospitality Services sold 8 lakh shares of the company at a floor price of Rs 453.02 per share.

Aside from these bulk deals, no major block deals took place on the exchanges today.

As for the market performance,  benchmark indices Nifty and Sensex surged on March 20, extending their winning streak as a broad-based rally lifted all sectoral indices by over 1 percent. IT stocks led the charge, rebounding sharply after global markets welcomed the Federal Reserve’s reaffirmation of a steady rate cut outlook.

By the closing bell, the Sensex jumped 899.01 points, or 1.19 percent, to settle at 76,348.06, while the Nifty advanced 283.05 points, or 1.24 percent, to close at 23,190.65. Market breadth remained positive, with 2,296 stocks advancing, 1,554 declining, and 124 unchanged.

Despite a brief dip into negative territory, midcap and smallcap indices recovered, each gaining around 0.7 percent. However, analysts remain cautious, warning that valuations appear stretched despite the recent rebound.

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