As stock markets surge, focus is on 'insider' selling gathering steam

Selling doesn't necessarily mean that these entities are trying to cash in on the bullish sentiment

Selling by “insiders” has picked up amid stocks scaling new highs.

In July, they sold shares worth more than Rs 10,000 crore, and in June and May around Rs 7,000 crore each. Selling had slowed during April following a correction in the market due to the lethal second wave of the pandemic.

In terms of regulatory requirements, companies must disclose to the stock exchange any buying or selling by promoters or key managerial personnel (KMPs). Business Standard analysed raw disclosure data to arrive at the monthly trends.

In recent months, several top executives of banks and other financial institutions are