Block deals today: Goldman Sachs and BofA sell stakes worth Rs 119 crore in RIL, HDFC Bank and Apollo Hospitals

D-Street has witnessed a number of block deals involving top names like Reliance Industries (RIL), HDFC Bank and Apollo Hospitals Enterprises. While Goldman Sachs sold shares in RIL and HDFC Bank, while BofA sold shares in Apollo.Goldman Sachs sold 3.98 lakh shares through its subsidiary Goldman Sachs Bank Europe SE at a price of Rs 1,519.4 each. The size of the block deal was Rs 60 crore. RIL shares ended flat at Rs 1,519 on the NSE today.

Goldman Sachs sold 1.53 lakh shares at a price of Rs 992.45 each in India’s largest private lender HDFC Bank. The deal size was Rs 15.25 crore. Shares of HDFC Bank today closed at Rs 994.80, up 0.24%.BofA was the seller of Apollo Hospitals shares. It sold 59,584 shares through its subsidiary BofA Securities Europe SA at a price of Rs 7,312 per share, taking the deal size to Rs 44 crore.

Blue Pearl Map I LP bought shares in HDFC Bank and RIL. According to Bloomberg, it is a limited partnership (LP) based in George Town, Cayman Islands.

Also read: Ather Energy block deal: Ghisallo and Societe Generale buy multibagger as NIIF posts profit in Rs 545 cr deal. Meanwhile, Kadensa Master Fund bought Apollo shares. Founded in 2016, Kadensa Capital is a Hong Kong-based asset management company focused on investment opportunities primarily in the pan-Asian public markets, but also in select private situations. IT stocks were in the spotlight, leading heartbeat indices Nifty and the BSE Sensex to close in the green. They were ably supported by financial resources. The Nifty closed at 26,052.65, up 142.60 points or 0.55%, while the Sensex fell 513.45 points or 0.61% to settle at 85,186.47.

Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that a bearish channel break is visible in Nifty on the hourly chart, indicating rising optimism. “The daily RSI (14) is in a bullish crossover and remains above 60. Overall, sentiment looks positive, with a potential move towards 26,200/26,350 in the near term. On the downside, support is at 25,850,” De said.

Also read: Shaily Engineering block deal: Promoters take profits in multibagger smallcap. Morgan Stanley, Motilal sniffing facility

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