Promoters Kanak Kewalramani and Dinesh Kewalramani together sold 5.13 lakh shares worth ₹101 crore at an average price of ₹1,962.35 per share. In a parallel transaction, SBI Funds Management picked up around 4 lakh shares, translating into a 1.64% stake worth ₹79 crore at ₹1,963.17 per share.
Seperately, Nippon Life India Asset Management bought 15.25 lakh units of Altius Telecom Infrastructure Trust at ₹165.9 per unit in a ₹25.3 crore block deal, with units sold by ASK Financial Holdings.
SBI Life Insurance acquired shares of Gokaldas Exports worth ₹32.6 crore, while Vanguard exited 1.74 crore shares of Allcargo for around ₹15 crore.
Broader markets ended lower in a volatile session, with the Sensex falling 607 points to 76,803 and the Nifty declining 155 points to 24,013.
The Nifty IT index was the worst-performing sectoral gauge, slipping 4% after a weak outlook from Accenture weighed on sentiment. Financial stocks also added pressure, with the Nifty Bank index falling 278 points to close at 57,686.
Despite domestic institutional selling, foreign portfolio investors turned strong net buyers, purchasing ₹31,442.87 crore worth of equities and selling ₹26,583.80 crore, resulting in net inflows of ₹4,859.07 crore — the strongest single-day buying since February 3. Domestic institutional investors, in contrast, were net sellers.
Also Read: Sensex, Nifty end in the red: 5 key reasons behind today’s market fall
The session reflected a mix of large institutional reshuffling in specific counters alongside broader sectoral weakness, particularly in IT and financial stocks.
