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FIIs buy GAIL, domestic mutual fund seller in Divgi TorqTransfer Systems block deal: Dealing Room Check
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FIIs buy GAIL, domestic mutual fund seller in Divgi TorqTransfer Systems block deal: Dealing Room Check
Oct 18, 2023 8:00 AM

The shares of Divgi TorqTransfer Systems ended 3.5% lower on Wednesday, down for second day in a row. The stock has gained in seven out of the last 10 trading sessions. As many as 3.3% shares of the company changed hands in a large block deal. According to sources in the dealing room, a leading domestic mutual fund is the seller in the deal.

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Financials Led Sensex, Nifty 50 Lower

The Nifty 50 and Sensex ended at day's low as financial stocks remained under pressure. The resistance for Nifty 50 is at 19,830 on the upside. Dealers tell CNBC-TV18 that all eyes on near-term support are around 19,630.

The flows remained mixed on Wednesday, with a negative basis. Flows mixed with a negative bias. Sources in the dealing room suggest ETF re-balance to impact the flows today. Signs of profit booking seen in the broader market.

Besides Divgi TorqTransfer Systems, these stocks made it to the dealing room chatter today:

Patanjali Foods: The shares of Patanjali Foods ended 0.1% lower on Wednesday, and has been consolidating of late. According to sources in the dealing room, a leading global fund is an active buyer.

GAIL: The shares of GAIL ended 0.2% lower in the trade today, breaking a two-day gaining streak. The stock has gained in seven out of the last 10 trading sessions. Sources in the dealing room suggest strong buying flows at FII desk. Dealers expect high delivery volume.

(Edited by : Asmita Pant)

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