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The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside.

I think we keep getting this kind of block deals in the market and no doubt the size over here is a bit higher. But I think if the pricing is good there is enough appetite amongst the institutional investors and also some of the HNIs.

A total of 270,415 shares changed hands on the counter till 10:51AM (IST).

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 294167.15 Crore) operating in Construction sector.

Crypto wallet maker Ledger has partnered with Tony Fadell, the well-known creator of Apple’s iPod and the co-founder and former CEO of thermostat company Nest, to create its Ledger Stax hardware wallet.

The stock traded at a P/E multiple of 108.35, while the price-to-book value ratio stood at 19.49.

There has been a paradigm shift in investment bets towards stocks in the capital-intensive sectors due to the strong domestic macroeconomic factors, improving corporate earnings, and strong balance sheets.

The Nifty Auto index was trading 0.64 per cent down at 12891.05.

The brokerage has a hold call on the counter as it finds BPCL to be expensive on price-to-book value (P/B) basis.

Stocks that were in focus include names like Bank of India which was up nearly 5%, Union Bank of India which gained over 6%, and RCF which was up over 3% on Tuesday.