Bulk deals: Plutus Wealth buys ₹144 cr shares in ZEEL; Nazara Tech, Bajaj Finserv, Capacite Infra see large trade

Bulk and Block deals: A host of stocks such as Zee Entertainment, Bajaj Finserv, Nazara Technologies, Bajaj Electricals, and Capacite Infraprojects witnessed huge buying and selling on Tuesday among others. Markets sentiment was broadly bullish with Sensex and Nifty 50 nearing their lifetime highs. 

ZEEL witnessed the largest buying during the day despite Sebi's interim order banning its promoters from directorial and key managerial roles in the company and other subsidiaries. While Bajaj Electricals saw a hefty selloff.

Overall, during June 13th trading session, Sensex and Nifty 50 moved closer to their lifetime. Midcap and smallcap stocks continued to outperform to extend their new historic highs. All sectoral indices were in the green with consumer durables and healthcare stocks being the top gainers.

Sensex finished at 63,143.16, surging by 418.45 points or 0.67%. While Nifty 50 closed at 18,716.15, soaring by 114.65 points or 0.62%.

Here is the list of stocks that witnessed huge bulk and block deals on Tuesday.

Zee Entertainment:

Plutus Wealth Management pumped in ₹143.58 crore in ZEEL despite the market regulator banning Subhash Chandra, chairman of Essel Group, and Punit Goenka, the Chief Executive Officer (CEO) of Zee Entertainment Enterprises (ZEEL) from holding a director or Key Managerial Personnel in any listed company or its subsidiaries until further orders.

In a bulk deal, on NSE, Plutus Wealth bought 75 lakh equity shares of ZEEL at ₹191.44 apiece.

Sebi's directions come after the regulator found that Subhash Chandra and Punit Goenka siphoned off funds for their own benefits from their listed entity ZEEL.

Bajaj Finserv:

Meanwhile, in a block deal, Abhaykumar Navalmal Firodia offloaded 1.5 lakh equity shares of NBFC giant Bajaj Finserv at ₹1,480 apiece. The outflow was around ₹22.2 crore.

However, Jaya Hind Industries bought these shares from Firodia at the same price of ₹1,480 apiece -- aggregating to ₹22.2 crore.

Nazara Technologies:

French-based multinational financial services company, Societe Generale sold 4 lakh equity shares in this Rekha Jhunjhunwala-backed company at ₹681.74 apiece on NSE.

The selling was valued at around ₹27.27 crore in Nazara.

Unlike Nazara, Societe, however, has made buying in two stocks Bajaj Electricals and Capacite Infra.

Bajaj Electricals:

Societe Generale purchased 6 lakh equity shares at ₹1,175 apiece in Bajaj Electricals -- aggregating to ₹70.5 crore.

On the other hand, on BSE, Small Cap World Fund Inc offloaded 1,092,911 equity shares at ₹1,175.02 apiece, amounting to nearly ₹128.42 crore.

Capacite Infraprojects:

Apart from Bajaj Electricals, Societe Generale also took a liking to Capacite. The foreign investor bought 2,417,500 equity shares in the company at a price of ₹190 apiece. The transaction was to the tune of over ₹45.93 crore.

However, Capacite witnessed Newquest Asia Investments II Limited selling 32 lakh shares at ₹190.4 apiece. The total selling value was around ₹60.93 crore.

Riches Vanara, Technical And Derivatives Analyst, stoxbox said, "investor sentiment remained buoyed after data showed that India’s consumer price inflation eased more than expected to a 25-month low reading of 4.25% in May from 4.7% posted in the previous month. Further, we expect a decline in the rate of the WPI inflation scheduled for release after market close today. A lower WPI inflation might help in pulling retail inflation down with its lagged impact, making a significant dent on the core CPI inflation going forward. On the global front, investors await US consumer price inflation data and the Federal Reserve's rate decision tomorrow for more signs going ahead."