Foreign investor Saint Capital Fund acquired 1 lakh equity shares in Rama Steel Tubes at Rs 327.71 per share on the BSE, the bulk deals data showed.

Mathew Cyriac sold 7,50,000 equity shares in CMS Info Systems Limited at Rs 250.21 per share on the NSE, according to the bulk deals data today.

Also Read| FII & DII data: FII offloaded shares worth 575 crore on NSE

Karuna Mittal sold 1,50,000 equity shares and LNJ Financial Services Ltd bought 2,29,954 equity shares in Intrasoft Tech. Ltd at Rs 219.57 and Rs 219.33 per share on the NSE, the bulk deals said.

Gaurav Doshi and Mansi Shares & Stock Advisors bought 75,000 and 1,00,000 equity shares at Rs 12.27 and Rs 12.3 per share respectively in Sanco Industries Ltd on the NSE, the bulk deals showed.

Also Read| NSE F&O Ban: No security has been put under ban today

Jain Sanjay Popatlal and Mansi Shares & Stock Advisors each bought 17,600 and 32,000 equity shares in Vivo Collab Solutions Ltd at Rs 355.1 and Rs 347.29 per share on the NSE, the bulk deals data showed.

Avirat Enterprise sold 60,000 equity shares in Tokyo Plast Intl Ltd at Rs 116.42 per share; while Globe Fincap Ltd sold 1,24,712 equity shares in Intense Technologies Ltd at Rs 89.62 per share on the NSE, the bulk deals data showed.

Also Read| Trending Stocks: NTPC, TATA, Wipro Maruti Suzuki and others in news today

Indusind Bank Ltd Client A/C for the second straight session on Friday sold 18,00,000 equity shares in Zee Learn at Rs 15.86 per share on the NSE, the bulk deals showed.

A bulk deal is one in which the total number of shares purchased or sold exceeds 0.5% of the company’s share capital. A bulk deal can be completed using either the usual trading window or the block trading window. When a major FII, mutual fund, or HNI wishes to acquire a huge block of shares in a specific stock, they frequently choose to employ sliced trades throughout the day. This guarantees that businesses take full advantage of market volatility and are able to minimize their overall acquisition costs.

Also Read| Trade Setup: Top 15 things to know before market opens on January 3, 2022

Similarly, in the event of bulk selling, the sliced strategy aids in obtaining a higher selling price. Bulk deals must be notified to the exchange by the broker who executes the trade. If a bulk deal (exceeding 0.5% of the share capital) is conducted through the block window, the trade must be notified to the exchange promptly. If the total buy or sale of a sliced order during the day exceeds 0.5% of the share capital, the bulk deal must be disclosed to the exchange within 1 hour after the closing of the trade.