Global financial giants executed significant block deals worth over ₹93 crore on the NSE today, involving major institutional transactions. According to The Economic Times, Morgan Stanley offloaded stakes in both Jio Financial Services and Bharat Heavy Electricals Limited (BHEL), with Goldman Sachs acquiring the positions through its affiliate Goldman Sachs Bank Europe SE. The transactions demonstrate continued institutional activity in the Indian equity markets despite broader market pressures.
In Jio Financial Services, Morgan Stanley Asia Singapore Pte offloaded 26.75 lakh shares at ₹232.55 per share, resulting in a deal valued at ₹62.29 crore. As reported by The Economic Times, the entire stake was acquired by Goldman Sachs via its affiliate Goldman Sachs Bank Europe SE. Despite the institutional activity, the stock ended the session at ₹224.45, declining 3.48% for the day. The counter has delivered muted returns of just 1.5% over the past year and continues to trade below key technical levels, including the 50-day and 200-day simple moving averages of ₹252 and ₹295 respectively.
In a similar transaction, Goldman Sachs Bank Europe SE acquired 12.35 lakh shares of Bharat Heavy Electricals (BHEL) at ₹251 per share, aggregating to approximately ₹31 crore. According to The Economic Times, the shares were sold by Morgan Stanley Asia Singapore. BHEL shares declined 3.57% to close at ₹245.75, with the stock generating modest one-year returns of around 13.4% but currently trading below its 50-day and 200-day moving averages of ₹259 and ₹254.8 respectively.
French multinational bank BNP Paribas executed multiple block deals on the BSE, including Siemens Energy India where it bought 1.69 lakh shares at ₹2,565 per share in a deal worth around ₹43 crore. As reported by The Economic Times, the shares were offloaded by Morgan Stanley Asia (Singapore). Siemens Energy India ended the day at ₹2,569.65, down 2.26%. BNP Paribas also acquired 36.29 lakh shares of GMR Airports at ₹85.75 per share, amounting to ₹31 crore, with the seller being Copthall Mauritius Investment Limited. GMR Airports shares closed 5.53% lower at ₹84.16 on the NSE. Additional significant transactions included BNP Paribas picking up 2.47 lakh shares in LG Electronics India at ₹1,455 per share in a deal valued at ₹36 crore, with the counterparty being Goldman Sachs Bank Europe SE. The stock witnessed sharp selling pressure, ending 7.04% lower at ₹1,427.90.
Despite the inflow of institutional interest through block deals, all four stocks ended the session in the red, reflecting broader market weakness and possible profit-booking at higher levels. According to The Economic Times, the Nifty's final session of FY26 ended in the deep red, settling 5% lower in the financial year ended March 31, 2026 while the BSE Sensex plunged 7% in the same period. The 50-stock index fell 2% on Monday to close at 22,331.40, recording its second successive fall, dragged by a sell-off across sectors. Heavyweight sectors like banking, auto, and IT contributed the largest share to the decline, while the volatility gauge India VIX ended at 27.89, up by 4.04% from the last closing.
