Where this post comes from: A Moneycontrol story on GQG Partners selling Indian stocks made me check how the fund shows up in bulk deal BSE and NSE records. ITC is used only as the example, and nothing here is a view on any stock. News background comes from Moneycontrol and Business Today. The exchange figures in the table are from my own processed BSE data, which has no public link.
A bulk deal BSE search can tell you a lot about what a big investor did, but only if you search the right name. On 8 October 2026, a very large block of ITC shares changed hands, and news reports tied it to GQG Partners, a US-based fund house. When I searched the exchange records, GQG appeared on BSE under at least two different names. It did not appear at all in NSE’s bulk and block deals data.
This is a follow-up to my earlier article on how to track big investors with free bulk and block deals data. That article warned that the same investor can appear under different names. Here is a live example.
What happened to ITC on 8 October 2026
ITC shares fell nearly 4.03% on Thursday, 8 October, after a large block deal. According to Business Today, 36,66,95,297 shares changed hands in the block deal. Moneycontrol reported that this was about 2.9% of ITC’s equity, done in the pre-open block deal window.
News reports said the buyers and sellers were not immediately known. Earlier that week, a separate disclosure had shown that GQG Partners and its related entities sold about 3.97 crore ITC shares in on-market trades between 28 May 2025 and 5 October 2026, taking their combined holding to 3.17% from 3.48%. The news also covered Adani group stocks, where GQG has been trimming its stakes. This article looks only at ITC, because that is what I checked in the exchange data.
Bulk deals and block deals in one minute
A bulk deal is a trade where the total shares bought or sold in a day is more than 0.5% of a company’s listed shares. A block deal is one very large trade done in a separate trading window. The exchanges publish NSE bulk deals and BSE bulk deals separately, after market hours on the same day. My earlier article has the full explanation and the download steps.
What the BSE bulk and block deals data shows
I searched BSE’s records by client name for GQG. For ITC (BSE code 500875), two client names came up in my search for 8 October 2026:
| Client name on BSE | Deal type | Shares sold | Trades |
|---|---|---|---|
| GQG PARTNERS EMERGING MARKETS EQUITY FD A SERIES OF GQG PARTNERS SERIES LLC | Block | 35,75,63,336 | 13 |
| GQG PARTNERS EMERGING MARKETS EQUITY FUND | Bulk | 7,14,68,981 | 1 |
Source: my own processed BSE bulk and block deals data
Add the two entries and you get 42,90,32,317 shares, or about 42.9 crore, sold on the same day. The block deal reported by Business Today was of a similar scale.
One caution. The headline block deal in the news was about 36.67 crore shares, while the block entry under the longer name shows 35.76 crore. I cannot tell from this data why the two numbers differ. So I treat the exchange records and the headline figure as two views of the same day, not numbers that must match.
Same fund family, different names: how a bulk deal BSE search can miss most of it
Suppose you searched for the exact name “GQG PARTNERS EMERGING MARKETS EQUITY FUND”. You would find only the 7.15 crore-share bulk entry, which is about 17% of the combined total. The much larger block entry sits under the longer name, which adds “FD A SERIES OF GQG PARTNERS SERIES LLC”.
I am not saying the two names are one legal entity. They look like the same fund family, but that is for you to confirm from filings. The point for searching is simple: exchange records carry the client name as it was reported, and one group can be reported in more than one way. There may be other spellings I did not find, which is why a short keyword search matters. ITC’s own shareholding disclosure shows how many GQG vehicles there are, such as Goldman Sachs Trust II – Goldman Sachs GQG Partners International Opportunities Fund and GQG Partners International Equity CIT.
Bulk deal NSE and BSE: why you must check both exchanges
I did not find any GQG entry in NSE’s bulk or block deals data for these trades. If I had looked only at NSE, I might have wrongly concluded that GQG had not traded ITC in size that day. The two exchanges publish separate reports, so each one is a separate place to look: NSE bulk and block deals and BSE bulk and block deals. Both are free.
This does not mean NSE never carries GQG names. A third-party tracker lists NSE block deals in ITC on 18 November 2025 under names such as GQG PARTNERS EMERGING MARKETS EQUITY CIT, which is yet another spelling. Note that the NSE and BSE files also use different column names, as I showed in my article on matching NSE and BSE data.
How to search bulk deals and block deals by investor name
1. Start with a short keyword. Search “GQG”, not a full fund name. A short keyword catches more spellings.
2. Search both exchanges. The same investor can show up on one and not the other.
3. Read the deal type. One day can have both bulk and block entries, each on its own row, as it did here.
4. Add up the name variants. Total all the names for the same symbol and date before you draw a conclusion.
5. Cross-check with filings. In this case, the shareholding disclosure showing GQG’s combined stake moving from 3.48% to 3.17% is a useful second source.
What this data cannot tell you
Exchange records show who traded, how many shares and at what price. They do not show why. A fund may sell to rebalance or raise cash, and the data cannot say which. One analyst quoted by Moneycontrol said the fall looked supply-driven rather than a change in ITC’s fundamentals. That is an opinion, not something this data proves.
I also looked only at the selling side. Buyers appear as their own rows in the same files, as the third-party list above shows, but I did not examine them here. Treat all of this as a set of leads. You still have to confirm what is what.
This article is for information only and is not investment advice or a recommendation on any stock. Names, figures and exchange rules may change. Any mistakes in summarizing are my own.
Key takeaways
- What I found: On BSE, GQG’s ITC sale on 8 October 2026 appeared under at least two client names: a block entry of 35,75,63,336 shares and a bulk entry of 7,14,68,981 shares.
- How to search: Use a short keyword such as “GQG” rather than a full fund name, or you can miss most of the volume. Searching the shorter name alone would have shown only about 17% of the total.
- Check both exchanges: I found no GQG entry in NSE’s bulk or block data for these trades, so a bulk deal BSE search and an NSE search can give very different answers.
- What it cannot show: The data gives who, how many and at what price, not why. Headline figures in the news may not match exchange rows exactly.
Frequently asked questions
A bulk deal is a trade where the total shares bought or sold in a day is more than 0.5% of the company’s listed shares. BSE publishes the details after market hours on the same day.
Both exchanges publish it free. Use the NSE page and the BSE page, pick the deal type and dates, and search the client name column.
In my BSE data, ITC trades on 8 October 2026 appear under “GQG PARTNERS EMERGING MARKETS EQUITY FUND” (a bulk entry) and under “GQG PARTNERS EMERGING MARKETS EQUITY FD A SERIES OF GQG PARTNERS SERIES LLC” (a block entry). The data alone cannot say why, so confirm the link between the names from filings.
Search the client name column with a short keyword, try more than one spelling, and check both NSE and BSE. Then add up all the name variants for the same stock and date.
Not necessarily. Each exchange publishes its own report, so a trade can appear on one and not the other. In this case I found GQG’s ITC trades in BSE’s data but not in NSE’s.
Sources
Main sources
My own processed BSE bulk and block deals data, ITC (BSE: 500875), 8 October 2026 (no public link)
Business Today: report on the ITC block deal, 8 October 2026
Moneycontrol: report on GQG selling and its impact on ITC and Adani stocks, 8 October 2026
Moneycontrol: report on the ITC block deal and the GQG stake sale (via TradingView), 8 October 2026
Exchange pages: NSE bulk and block deals and BSE bulk and block deals
Other sources
BSE: Bulk deals disclosures in the cash segment
Trendlyne: ITC bulk and block deals (third-party tracker)
Business Today: GQG further cuts stake in Adani Energy, 3 September 2026
SEBI circular, Disclosure of trade details of bulk deals, 14 January 2004 (copy hosted by TaxGuru)
AXCZEL Insights: How to Track What Big Investors Are Doing: Dig Into Free Bulk and Block Deals Data and One Format, Two Exchanges: How UDiFF and ISIN Make NSE vs BSE Comparison Easy
I used Claude, an AI assistant, to rephrase my notes to make it reader friendly.