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Flurry of block deals lifts cash trading market volumes from two-year lows

The rebound coincided with optimism that the US Federal Reserve may ease up on its pace of monetary tightening, prompting a recovery in stocks the world over

Markets, stocks, buy, sell, trading, shares, stock market

The recent rally has fuelled a $2-billion flurry of secondary offerings this month, with PE giants from Blackstone Inc. to KKR & Co. Inc. selling down their holdings or heading for the exit

BloombergBS Reporter
A flurry of block deals has helped cash trading volume on Indian bourses recover from their two-year lows. The 30-day average cash market turnover had dropped to $5.9 billionmid-July — the lowest in at least two years.

With promoters and private equity (PE) shareholders offloading shares, the 30-day average turnover has improved to $7.3 billion — a near-three-month high.

The NSE Nifty50 Index jumped about 17 per cent from a mid-June low through the end of last week,

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First Published: Aug 24 2022 | 6:36 PM IST

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