Bulk & Block Deals
Bulk deals refers to transactions where the total quantity traded in a stock ( whether bought or sold) is more than 0.5% of the number of equity shares of the company listed on the stock exchange. The quantity bought or sold could be through single trade or multiple trades. Block deals is a trade with a minimum quantity of 500,000 shares or minimum value of Rs. 5 crores, executed through a single transaction on a special "Block Deal Window" The window is opened for 35 minutes in the morning trading hours. SEBI rule states that block deal orders should be placed for a price not exceeding +1 percent to -1 percent of the previous day's closing or the current market price.