North India Statesman
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Ahmedabad: There has also been an increase in wholesale sales of shares of listed companies due to recent rise in the stock market and strong withdrawal of indices from the lower level of April. So far this month 100 crore rupees have been collected through blocks and bulk deals. 65,000 crore shares have been sold, which is the highest in any month since August 2024. The bounce in wholesale deals has come after a four -month drought as the wholesale deals were almost stalled in the last four months due to excessive instability in share prices.
There were many big deals this month. Singtail received Rs. Has invested 100 crores in Bharti Airtel. Shares worth Rs 13,221 crore were sold. Rakesh Gangwal, co-founder of Indigo promoter company Interglobe Aviation, sold shares worth Rs 11,564 crore. Similarly, Sajjan Jindal Family Trust sold shares worth Rs 1,210 crore in JSW Cement and Entphine sold shares worth Rs 2,104 crore in Paytm. In a recent deal, British American Tobacco sold shares worth Rs 12,941 crore to ITC. As soon as the market returned, most stock sales saw a strong demand from buyers.
Under the block deal, a large -scale sales of shares by existing shareholders of listed companies are performed through a dedicated window on the stock exchange. This allows institutional investors such as mutual funds to buy shares of a company on a large scale without stock price fluctuations. Such businesses are usually seen in the market fast and adequate liquidity.
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Global trade uncertainty, foreign portfolio investors’ selling and weak company results did not see much activity in the primary market during the first quarter of 2025. However, the discount of tariffs imposed by the US on various countries reduced the concerns of investors to some extent. The ceasefire between India and Pakistan has improved the perception of investors. The Nifty has come up about 10 percent from its lower level of April 7.
Market sources said that the recent rapid vendors in the market have helped find buyers for their wholesale deals at the current share price. Foreign portfolio investors and domestic institutional investors bought a large number of shares in wholesale deals.
Foreign portfolio investors became pure buyers in April and May after selling for three months. Large deals have increased due to expectation of trade agreement with the US and decrease in geopolitical tension.
Bankers hope that in the remaining months of 2025, there will be a lot of activities in primary and secondary markets and will also have bulk deals. Decreased inflation, more reduction in repo rates, more money in the hands of people through tax exemption and the forecast of good monsoon will further strengthen India’s development story.
