Bulk Deals

rahul_trader · #1 29th September 2006, 01:10 AM

Hi all,

My question:

Bulk deals when we say how is it decided its a bulk deal

does it considered in value that how much money had gone into it or

what is the quantity a person or an institute has picked up?

if it's quantity then what is the average quantity which is considered as a bulk deal like : 10k 20k 50k or more than that any idea?

2) Before entering into a bulk deal does that person gives information to NSE in advance or there is a time boundation from NSE that the news will be realeased only after a particular time like closing of the market of very next day?

3) After entering into a bulk deal is there any time boundation that that deal cannot be sold with in this particular period or has to be held by that party for this number of days?

3) Bulk deals are when sold are they directly offloaded into the exchange like we sell shares through terminals what i am asking if its directly offloaded to be sold on the terminal don't that scrip come under selling pressure?

Am confused regarding this thing I request members to throw some light on this.

Waiting for reply.

Thanks
Rahul.

NAVEEVIa · #2 11th November 2006, 05:12 PM

Rahul
urs is avery valis question
what is surprsising is that nobody of the seniors threw any light
i wud request all of them to plz throw some light
I think i have answer to one question
there is no time restriction as bulk deal data on 10th nov says that abulk deal in shyam tele was reveresed the same day by Composite securities
i want to know aqlso abt block deals & are these deals done thru exchange or two ppl agree & do amongst themselves, outside the exchange
regards
Naveen

NAVEEVIa · #3 12th November 2006, 03:59 PM

Some more information i found on the BSE website

Bulk Deals

Bulk Deal disclosures in cash segment:

Member-broker has to make a disclosure on daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where total quantity bought/sold is more than 0.5% of no. of equity shares of the company listed on the exchange.

“All transactions” stated above are clarified as under:

Single Trade:
Immediately upon the execution of the order where the traded quantity either buy or sell on account of any trade is more than 0.5% of the number of equity shares of the company listed on the stock exchange.

Cumulative Trades for the Day:
Within one hour from the closure of the trading hours, where the cumulative quantity traded under any single client code on that day either purchase or sale is more than 0.5% of the number of equity shares of the company listed on the stock exchange.

This disclosure is in compliance with SEBI circular vide No. SEBI/MRD/SE/Cir-7/2004 dated 16th February 2004 and Exchange Notice No. 20040216-10 dated 16th February 2004 and Notice No. 20040722-11 dated 22nd July 2004.

TOP

Block Deals

Member broker has to make a disclosure on daily basis through DUS (Data Upload Software), with respect to all deals that have been executed by them on behalf of their 'client; or 'own' account in Block Deal window. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs. 5 crores executed through a single transaction on this window, will be qualified as Block Deal. This disclosure is in compliance with SEBI circular No. MRD/Dop/SE/Cir-19/05 dated September 2, 2005.

Regards
Naveen

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