In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 2,071 crore led by Bharti Airtel with 18 block count, totalling Rs 374 crore. The next in line were Bajaj Auto (Rs 352 crore), Shree Cement (Rs 218 crore), UltraTech Cement (Rs 144 crore), ICICI Prudential Life Insurance Company (Rs 143 crore), Axis Bank (Rs 141 crore), HDFC Bank (Rs 141 crore) and Bajaj Finance (Rs 119 crore).
Rupak De, LKP Securities said, "Nifty traded sideways for most of the session except for the last hour, during which it recovered from the day s low. The overall sentiment remains positive as the index has held above the crucial support level of 19,500. Resistance is positioned at 19,850 on the higher end; a breakthrough could potentially propel the Nifty towards the 20,200 mark."
"Risk weight changes have been talked about for some time now. Finally, they have been put into place. Expect moderation on the unsecured side, more so with respect to some of the fintech-led originations, we expect some bit of a moderation on that side. At the same time, over the next 6 to 12 months as these changes play out, it would allow some of the well-capitalised companies to emerge stronger. "
On Friday, the 30-share BSE Sensex pack fell 188 points or 0.28 per cent to close at 65,794, while the broader NSE Nifty index moved 33 points or 0.17 per cent down to end the session at 19,732.
Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India's (RBI) action raised the risk weightage on unsecured loans.RBL Bank is down almost 7 per cent, AB Capital almost 6 per cent, SBI Card is down over 5 per .