Across ETFs, corporate bonds and SME stocks, roughly INR 19,761.8 crores changed hands this week (24 to 28 August), alongside another INR 51,455.2 crores in block and bulk deals. ETF breadth was negative again, with 184 funds down against 154 up, even as metal and pharma ETFs gained. Corporate bond trading stayed very thin. SME breadth was close to even with a handful of sharp breakouts, and block and bulk flow ran a net INR 5,472.4 crores negative for the week as pre listing investors and promoters kept selling the newly listed names. Here is the detail, based on insights from bhavcopydata.com.
ETFs, metals and pharma lead a soft week while gold and silver cool off
Around INR 18,436.3 crores of the week's lane turnover was in ETFs, and the tape was mildly negative, 184 funds down against 154 up. Turnover stayed concentrated in the usual few. The Nippon India Silver ETF (SILVERBEES) traded INR 2,569.4 crores and fell 1.07%, the Nippon India Gold ETF (GOLDBEES) traded INR 2,373.6 crores and fell 0.36%, and the Nippon India Liquid ETF (LIQUIDBEES) traded INR 2,047.1 crores flat.
On a turnover weighted basis, Sector and Thematic ETFs led the week at +0.44%, ahead of Debt at +0.08% and Equity Index at +0.01%. Commodity ETFs, the single largest turnover bucket at close to INR 9,841 crores, fell 0.67% as precious metals cooled after the prior week's rally. International ETFs were the weakest group at negative 1.21%, with the Nippon India Hang Seng ETF (HNGSNGBEES) down 2.07% and Nasdaq trackers down about 1.6%.
The leaders were in metals and pharma. The Groww Nifty Metal ETF (GROWWMETAL) rose 3.29% and the ICICI Prudential Nifty Metal ETF (METALIETF) rose 2.49% on INR 97.2 crores, the Groww Nifty 200 Momentum 30 ETF (GROWWMOM50) rose 3.46%, and the Nippon India Pharma ETF (PHARMABEES) rose 2.51% on INR 49.3 crores. Information technology ETFs gained between 2.6% and 2.8%. The laggards outside the international group were the ICICI Prudential Nifty Insurance ETF (INSUREIETF) at negative 1.79% and the ICICI Prudential Nifty FMCG ETF (FMCGIETF) at negative 1.68%. Four ETFs touched fresh 52 week highs against one at a 52 week low.
Two ETFs that were not really down 90%
Two Aditya Birla Sun Life funds, the Aditya Birla Sun Life Gold ETF (GOLDADD) and the Aditya Birla Sun Life Silver ETF (SILVERADD), each show a drop of about 90% on 28 August. GOLDADD went from INR 152.98 to INR 15.36 and SILVERADD went from INR 228.41 to INR 23.21. Both land at almost exactly a tenth of the prior close, which is the signature of a ten for one unit split, the same pattern the PSUBANK post explained in July. The checks line up. The move is isolated to these two symbols, no other ETF on the file moved more than 2% on either day, and both funds belong to the same fund house and changed on the same date. NSE does not flag splits for ETFs, so both briefly read as 90% losers in the raw weekly change.
We have only one trading session after the change so far, so we cannot yet confirm the new price level is permanent the way ten sessions did for PSUBANK. A real 90% collapse in a gold or silver ETF while bullion sits near record levels is not plausible, so we have excluded both from every mover figure in this post and flag them for a closer look once more sessions print.
Corporate bonds, a very quiet and orderly week
Corporate bonds were the calmest lane by a wide margin. Just INR 30.6 crores traded across 293 bonds, and the average daily change was positive but tiny every day, between +0.03% and +0.11%. 37 bonds ticked to fresh 52 week highs against 9 at 52 week lows, a mild firming bias that matches the small daily gains. The most traded bond was the 8.20% HUDCO NCD maturing 2027 (82HUDCO27) at INR 3.1 crores, followed by an 8.50% Cholamandalam NCD (850CIFCL26) at INR 2.3 crores.
The weekly change table shows several bonds up or down between 15% and 35%, but every one of those traded a few thousand rupees or nothing at all across the week. The 8.50% Cholamandalam NCD (850CIFCL26) is the clearest case. Its real activity was 131 trades near INR 1,148 on 25 August, which was up on the week, but a single small print at INR 950 on 28 August marked it down 10% for the week. On a lane this thin, a stale quote moves the percentage more than any trading does, so we do not read these as real price moves.
SME, even breadth with a few heavy volume breakouts
SME stocks traded INR 1,294.8 crores across 539 names, with breadth close to even at 264 up and 259 down. Fourteen stocks made fresh 52 week highs against 28 at 52 week lows. The lane fell on Thursday and bounced on Friday. The most traded names were Anawil Wire and Engineering Ltd (ANAWIL) at INR 60.2 crores, though down 12.01%, FLYSBS Aviation Ltd (FLYSBS) up 11.35% on INR 46.5 crores, Oriana Power Ltd (ORIANA) up 8.98% on INR 46.3 crores, and Monolithisch India Ltd (MONOLITH) up 22.67% on INR 38.8 crores.
The clean breakouts were Rapid Fleet Management Services Ltd (RAPIDFLEET), up 33.93% for the week and trading at more than 25 times its 30 day average volume on both 24 and 25 August, DelaPlex Ltd (DELAPLEX) up 33.49%, Vijaypd Ceutical Ltd (VIJAYPD) up 28.99% on a 22 times volume surge, and GSM Foils Ltd (GSMFOILS) up 27.48% on INR 20.7 crores with a six day run of upper circuits into Friday. Sun Tech (SUNTECH) rose 50.5% for the week, from INR 35.05 to INR 52.75 over three sessions on rising volume. That sits just above the 50% implausible move cutoff the site uses, so it is left out of the automated card, but the daily record shows a staged breakout rather than a corporate action. It is thinly traded, under INR 1 crore a day.
On the downside, Biopol Chemicals Ltd (BIOPOL) fell 41.34% on INR 15.6 crores, Sawaliya Food Products Ltd (SAWALIYA) fell 38.69% on INR 13.8 crores, and Fascinate Textiles Ltd (FASCINATE) fell 38.01% on INR 14.2 crores. These were declines over several sessions on real turnover, not single prints. A rights entitlement, SUN-RE, screened as the biggest faller at negative 47%, but rights entitlements decay toward zero by design and are not ordinary equity, so we leave it out.
Circuit watch counted 54 SME stocks closing at a price band on Friday, and 131 distinct SME stocks traded at least three times their 30 day average volume on at least one day of the week. GSM Foils Ltd (GSMFOILS) was the standout on both counts, a six day run of upper circuits alongside real turnover.
This week in smart money, pre listing investors keep selling the new names
Block and bulk deals totalled INR 51,455.2 crores across 129 stocks this week, of which 54 were net bought. Net flow was negative INR 5,472.4 crores, a clear net selling week, with the heaviest selling on Wednesday at a net negative INR 4,129.9 crores and Friday at a net negative INR 1,309.9 crores.
The pattern was pre listing investors and promoters selling recently listed companies, with domestic institutions taking the other side. Groww (GROWW) saw the largest net selling at INR 2,217.3 crores, entirely on the sell side. Lenskart Solutions Ltd (LENSKART) was net sold by INR 1,276.2 crores, as Alpha Wave Ventures entities sold about INR 3,133 crores and ICICI Prudential Mutual Fund and the National Pension System Trust bought. Welspun Corp Ltd (WELCORP) was net sold by INR 694.9 crores, with the Welspun promoter group selling INR 1,365.2 crores and Euro Pacific Growth Fund buying INR 670.3 crores. PhysicsWallah Ltd (PWL) was net sold by INR 290.7 crores. Apollo Tyres Ltd (APOLLOTYRE) saw INR 2,349.9 crores of selling against INR 2,249.9 crores of buying, as Emerald Sage Investment sold INR 1,174.9 crores while ICICI Prudential Mutual Fund bought INR 830.0 crores and SBI Life Insurance bought INR 245.0 crores. Meesho Ltd (MEESHO) was sold by Y Combinator entities and bought by Nippon India Mutual Fund.
ICICI Prudential Mutual Fund was the most visible buyer of the week, taking about INR 1,559 crores across Apollo Tyres Ltd (APOLLOTYRE), Lenskart Solutions Ltd (LENSKART) and PhysicsWallah Ltd (PWL). The single largest transaction was strategic rather than a fund trade. Hero MotoCorp Ltd bought INR 1,758.2 crores of Ather Energy Ltd (ATHERENERG) from the Government of Singapore on 28 August, a crossed block that raised Hero's stake in the two wheeler maker.
Track the full list, updated daily, on the Smart Money page. More insights are on bhavcopydata.com.
All figures are from NSE end of day bhavcopy data for 24 to 28 August 2026, as published on bhavcopydata.com. See the ETF, Corporate Bonds, and SME pages for the full daily breakdown, and follow the author at @psanivarapu or prashanthsanivarapu for more.