MUMBAI — The number of block and bulk stock deals on Indian equity markets rose sharply in May and June as domestic mutual funds’ buying spree brought stock prices up from the 10-month low they hit in March.
Analysts see the trend as a sign of early bullishness, as block and bulk purchases represent sellers’ willingness to cash in and take profits after enduring a bearish market. The transactions also show that investors like mutual funds have cash on hand to buy.
