Indus Towers may see block deal, FIIs buy Birlasoft: Dealing Room Check

Shares of Indus Towers ended 4.5% higher on Tuesday, snapping a five-day losing streak in the process. The stock has declined in six out of the last seven trading sessions.

Sources within the dealing rooms told CNBC-TV18 that a large block deal is likely to take place in the stock soon.

Despite today's gain, Indus Towers shares are still down 1.5% for the year 2023 so far.

Benchmark indices ended near the day's high on Tuesday backed by strong institutional buying. The Nifty 50 recovered all of Monday's losses and gained over a percent.

Dealers also said that there was a small market at close basket buying seen across multiple stocks at a leading FII desk in today's session.

Broader markets also recovered in today's session, ending with gains of 1.5% led by a rally in Real Estate, PSUs and Metal stocks.

Birlasoft: Shares ended 4.4% higher on Tuesday, ending higher for the second day in a row. The stock has gained in three out of the last four trading sessions. Dealers said that FIIs were buyers in the stock and the street is anticipating a strong quarter from the company this time around.

Max Health: The stock ended 1.2% lower and has declined in four out of the last five sessions. Despite the consolidation, dealers said that a leading long-only FII is an active buyer in the stock.

J&K Bank: First signs of institutional buying is emerging in this stock according to the dealers. The street is also expecting higher delivery volumes for the quarter. The stock ended 3.2% higher on Tuesday and has gained in three out of the last four trading sessions.