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bulk deals: NSE-BSE bulk deals: JP Morgan s CMDB II sells stake in Matrimony com

Explore Now MUMBAI: CMDB II, a private equity fund run by JP Morgan Investment Management, sold 250,000 shares or little over 1 per cent stake in Prior to the stake sale, CMDB II held 5.7 per cent stake in the match-making platform. Shares of Matrimony.com ended 4.3 per cent lower at Rs 867 on the NSE. In another deal, Davos International Fund bought 2.5 million shares of Celebrity Fashions at Rs 5.3 per share through a bulk deal on the NSE. Both the NSE and BSE had not updated the block deals data on the website at the time of publishing. Here are all the BSE bulk deals:

BSE Smallcap index hits 31-month high; Paisalo Digital zooms 53% in 4 days

Shares of smallcap companies were on a roll at the bourses on Tuesday with the S&P BSE Smallcap index hitting 31-month high after domestic mutual funds and insurance company acquired select companies share from open market. SORIL Infra Resources, Paisalo Digital, Fineotex Chemical, Rupa & Company, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods were up between 10 per cent and 20 per cent on the BSE in intra-day trade. The S&P BSE Smallcap index hit an intra-day high of 18,089, its highest level since May 10, 2018. The index surpassed its previous high of 17,967, touched on December 17, 2020. Among individual stocks, Paisalo Digital hit a fresh record high of Rs 745, up 19 per cent on the BSE. In the past four trading days, the stock of the finance company rallied 53 per cent after SBI Life Insurance Company acquired 9 per cent stake in the finance company via open market.

Paisalo Digital soars 20% after SBI Life buys 9% stake via open market

Shares of Paisalo Digital soared 20 per cent to Rs 624.70 on the National Stock Exchange (NSE) in intraday trade on Monday, after SBI Life Insurance Company acquired 9 per cent stake in the finance company via open market. In the past two trading days, the stock has moved up 26 per cent. On Thursday, December 24, 2020, SBI Life Insurance Company had purchased 3.8 million equity shares, representing 8.99 per cent equity of Paisalo Digital, for Rs 186 crore via bulk deal on the NSE at Rs 490 per share, exchange data show. Antara India Evergreen Fund (1.5 million equity shares), Elara India Opportunities Fund (1.1 million), Heshika Growth Fund (0.29 million) and Davos International Fund (0.08 million) have collectively sold 36.9 million shares of Paisalo Digital. The name of other sellers were, however, not ascertained immediately.

Why Paisalo Digital share rose 20% in early trade- Business News

Why Paisalo Digital share rose 20% in early trade Share of Paisalo Digital gained 20% to 52-week high of Rs 625.55 against previous close of Rs 520.60  on BSE BusinessToday.In | December 28, 2020 | Updated 12:05 IST Paisalo Digital share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages Paisalo Digital stock rose 20 per cent in early trade today after  SBI Life Insurance Company bought a 9 per cent stake in the  non-banking finance company via open market. Share of Paisalo Digital gained 20% to 52-week high of Rs 625.55 against previous close of Rs 520.60  on BSE. The share has gained 24.85% in the last 3 days. Paisalo Digital share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 36.68% in one year and risen 41.35% since the beginning of this year. In one month, the share has gained 60.1%.  The stock has risen 23.2% in one week.

Benchmarks trade with strong gains, Nifty above 13,850

The key equity barometers continued to trade with string gains in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 334.54 points or 0.71% to 47,308.08. The Nifty 50 index added 105.85 points or 0.77% to 13,855.10. Investor sentiment was upbeat after President Trump signed a $2.3 trillion pandemic aid while the U.K. and the E.U. struck a a Brexit trade deal last week. The broader market traded with decent gains as well. The S&P BSE Mid-Cap index rose 0.78% while the S&P BSE Small-Cap index rallied 1.44%. The market breadth was strong. On the BSE, 1932 shares rose and 972 shares fell. A total of 184 shares were unchanged.

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