During Wednesday’s session, shares of IndusInd Bank rose more than 2-percent intraday mid-noon after about 10.00 lakh shares changed hands in a block deal on National Stock Exchange (NSE).
At the same time, Shares of Oil and Natural Gas Corpn (ONGC) were trading 2.33% down on the BSE after about 38.2 lakh shares changed hands in a block deal.
Conversely, Shares of South Indian Bank slipped 1.31% after 20.00 lakh shares changed hands in 2 block deals on BSE.
Share Price: IndusInd bank quotes at Rs1602.10 per share up by Rs33 per share or 2.11% at 12.37pm. The Stock hit a high of Rs1611.00 thus far.
ONGC shares quotes at Rs148.75 per share down Rs3.45 per share or 2.27% on BSE. The same price was also quoted in the NSE.
South Indian Bank share price quotes at Rs15.13 per share down 1.11
Block deal is a trade, with a minimum quantity of 5.00 lakh shares or minimum value of Rs 5.00 crore, executed through a single transaction, on the special Block Deal window at the exchange. Usually block deals are taken place when two parties agree to buy or sell securities at an determined price between themselves and inform the stock exchange.