Investors Witness Bullish Trends as Swan Energy and Sanghi Industries Gain in Separate Block Deals
In today’s trading session, Swan Energy’s shares soared over 9%, reaching a day’s high of Rs 457.10 on the NSE. This surge follows a significant block deal where 8,499,319 shares were sold at Rs 414 per share. The stock, currently near its 52-week high of Rs 463.80, reflects strong investor interest, marking the second consecutive session of gains.
Swan Energy Transaction Details
The block deal for Swan Energy witnessed substantial volume action, with nearly 87 lakh shares changing hands on the NSE by 10:10 am. The precise details of the buyers and sellers remain undisclosed at this point.
Sanghi Industries Achieves 52-Week High
Simultaneously, Sanghi Industries experienced a 5% rise, reaching Rs 129.25, driven by a separate block deal involving approximately 13.35 crore shares transacted at Rs 121.90 per share. Notably, Sanghi Industries had achieved its 52-week high of Rs 133 just the previous day.
Market Dynamics
These positive movements in Swan Energy and Sanghi Industries align with the broader bullish trend in the market. Indian frontline indices, S&P BSE Sensex and Nifty 50, set new lifetime highs, with Sensex reaching 69,306.97 and Nifty hitting 20,813.10 intraday. The banking gauge Nifty Bank also recorded a new high at 47,050.80.
Market Breadth and Top Performers
The market exhibited a bullish breadth, with 33 Nifty stocks in the green, 16 in the red, and one unchanged. Top gainers included Adani Enterprises and Adani Ports and Special Economic Zone, each up nearly 8%. Other notable gainers encompassed State Bank of India (SBI), Bharat Petroleum Corporation (BPCL), and Mahindra & Mahindra (M&M). Conversely, HCL Technologies, Bajaj Auto, Divi’s Laboratories, Infosys, and HDFC Life Insurance Company were among the laggards.
Investors remain vigilant as the market continues its upward trajectory, driven by robust performances in key sectors.
Source：economictimes.indiatimes.com
