NSE was open four sessions this week, Monday to Thursday, closed on Friday 2 October for Gandhi Jayanti. Across ETFs, corporate bonds and SME stocks, roughly INR 10,909.3 crores changed hands, alongside another INR 29,860.0 crores in block and bulk deals. ETF breadth stayed firmly negative, 27 funds up against 273 down, as the prior week's rally unwind in two international funds kept dragging the lane lower. SME breadth was also negative, 189 up against 339 down, with one penny stock appearing to triple in price on turnover of barely a few thousand rupees. Corporate bonds were close to even, as usual on very thin volume. Block and bulk flow was negative on all four trading days, led by a single large block trade and a single large bulk exit. Here is the detail, based on insights from bhavcopydata.com.
ETFs, the Nasdaq Q-50 ETF gives back more of its rally
ETFs carried INR 9,553.8 crores of the week's lane turnover, the average fund down on every one of the four trading days, worst on Monday when the average fund fell 1.38%. Breadth finished negative, 27 funds up against 273 down and 6 unchanged. No fund touched a fresh 52 week high, while two touched a fresh 52 week low, the Mirae Asset BSE LargeMid 50 ETF (LARGEMID50) on Monday and the 360 ONE MSCI India ETF (MSCI360) on Wednesday.
The Motilal Oswal Nasdaq Q-50 ETF (MONQ50), which closed the prior week down 45.85% after giving back its earlier rally, fell a further 9.99% this week, dropping 12.11% on Monday alone before stabilising through the rest of the week to close at INR 193.18. The Mirae Asset S&P 500 Top 50 ETF (MASPTOP50), which had fallen almost in lockstep with MONQ50 for two straight weeks, broke from that pattern this week and rose 3.10% instead. The Mirae Asset NYSE FANG+ ETF (MAFANG) also gained, up 4.11%, leaving the two funds that tracked each other on the way up and the way down no longer moving together. International funds as a category fell a turnover weighted 1.40% on INR 296.8 crores of turnover, the weakest category on the site this week, but that figure is carried entirely by MONQ50. Strip MONQ50 out and the rest of the International category actually rose 0.24% on a turnover weighted basis across INR 205.3 crores. Equity Index funds slipped 0.48% on INR 4,823.1 crores, Sector and Thematic funds fell 0.68% on INR 944.0 crores, and Debt funds were effectively flat at plus 0.02% on INR 3,490.0 crores, the steadiest category on the site this week as usual.
Away from the international pair, the Motilal Oswal S&P BSE Quality ETF (MOQUALITY) fell 9.75%, the UTI BSE India Sector Leaders ETF (SECLEDBETA) fell 8.45%, and the Groww ETF tracking the BSE Hospitals Index (GROWWHOSPI) fell 7.34%, all on comparatively modest turnover.
Corporate bonds, a close to even week on thin volume
Corporate bonds traded INR 22.9 crores across 247 bonds. Breadth was close to even, 111 up against 107 down and 29 unchanged, and 20 bonds touched a fresh 52 week high against 8 at a 52 week low. As in prior weeks, the largest percentage moves came on almost no turnover. A 12% VPT NCD maturing 2028 (12VPT28A), the same bond flagged in last week's post for a move built on a single unit trade, fell a further 19.99% this week on turnover of just INR 5,201, again a single trade meeting a stale quote rather than a real repricing. A SEC RE NCD 10.25% SR XII bond (888SCL25E) fell 30.07% on turnover of only INR 12,825, and a related series under the same symbol prefix (965SCL25F) rose 23.80% on turnover of INR 50.4 lakhs, moves of this size on this little volume are not treated as genuine price discovery on bhavcopydata.com. The only move of real size on real turnover was a tax free 7.28% IRFC bond (728IRFC30), down 17.27% on INR 34.2 lakhs of turnover. The week's busiest bond by turnover was a tax free 7.60% NHAI bond (76NHAI31), nearly flat at plus 0.10% on INR 91.0 lakhs.
SME, a penny stock triples on turnover of three thousand rupees
SME stocks traded INR 1,332.6 crores across 543 names, with breadth negative at 189 up and 339 down. 15 stocks touched a fresh 52 week high against 22 at a 52 week low.
Party Cruisers Ltd (PARTY-RE) needs a caveat before anything else. Its closing price moved from INR 0.05 to INR 0.10 on Tuesday, to INR 0.15 on Wednesday, and to INR 0.20 on Thursday, a weekly gain of 300%. Total turnover across all three days came to INR 3,270.2, barely a few thousand rupees, and each day's move was exactly one paisa, the smallest tick the stock can move. There is no corporate action code against any of these three sessions, and no comparable move anywhere else in the SME segment on the same days. This reads as a near dormant, sub one rupee stock moving between a handful of odd lot trades rather than any real change in demand, and we exclude it from every gainer figure in this section.
Chavda Infra Limited (CHAVDA), the stock whose price appeared to halve on a bonus issue in last week's post, kept falling, down a further 18.35% this week on INR 2.82 crores of turnover, continuing the slide that began once the post bonus adjusted price settled in. Kore Digital Limited (KDL), down 26.54% last week, fell another 18.41% this week to a fresh 52 week low, and Mos Utility Limited (MOS), which had climbed 45.45% last week, reversed hard, down 17.50% this week.
Away from those continuing stories, Skytech Infinite Platform Limited (SKYTECH) led ordinary gainers, up 21.37% on INR 1.84 crores of turnover, followed by Fascinate Textiles Limited (FASCINATE), up 21.33% on INR 3.22 crores, and Ani Integrated Services Limited (AISL), up 21.32% on INR 0.47 crores. Goldstar Power Limited (GOLDSTAR) rose 20.66% to a fresh 52 week high, and Grover Jewells Limited (GJL) rose 19.91%, also to a fresh high. On the other side, Vinod Texworld Limited (VINOD) fell 22.72% to a fresh 52 week low on thin turnover of INR 0.07 crores, Vigor Plast India Limited (VIGOR) fell 20.00%, and Axiom Gas Engineering Limited (AXIOMGAS) fell 18.41% to a fresh low on a comparatively heavier INR 3.00 crores of turnover.
By turnover, Anawil Wire And Engineering Limited (ANAWIL) was the busiest SME stock on the site this week at INR 79.3 crores, down 11.74%. Aimtron Electronics Limited (AIMTRON) traded INR 57.6 crores while closing almost exactly flat, up 0.45%. Sahasra Electronic Solutions Limited (SAHASRA) traded INR 37.1 crores on its way to a fresh 52 week high, up 11.24%, and Spectraa Tech Solutions Limited (SPECTRAA), the stock that jumped over 99% on its debut session two weeks ago, cooled further, down 2.45% this week on INR 32.0 crores of turnover.
This week in smart money, one block trade and one clean exit dominate
Block and bulk deals totalled INR 29,860.0 crores across 115 stocks this week, of which 41 were net bought. Daily net flow was negative every session, worst on Tuesday at negative INR 989.0 crores, followed by Monday at negative INR 836.4 crores, then easing to negative INR 221.4 crores on Wednesday and negative INR 28.2 crores on Thursday. One caveat on these totals, a trade reported through both the block and bulk windows can appear twice in the combined figures above, so the true distinct value is lower than the headline number, though the direction of daily flow is unaffected.
The single largest trade of the week was a block deal in AXISCADES Tech Ltd (AXISCADES). Jupiter Capital Private Limited sold 45.49 lakh shares at INR 1,824.00 each on Tuesday, worth INR 829.7 crores, in one transaction. The sale was absorbed by a consortium of buyers rather than one counterparty, Kotak Mahindra Mutual Fund across several tranches, Abakkus Investment Managers Private Limited and its Diversified Alpha Fund, the SVADHA India Emerging Opportunities Scheme 1, and individual investor Vanaja Sundar, leaving a net sell on the stock of only INR 63.3 crores once the double counted block and bulk legs are stripped out, a large trade mostly absorbed rather than a one sided dump.
The week's largest genuine net sell was Clean Max Enviro Energy Solutions Limited (CLEANMAX). Augment India I Holdings LLC sold a combined INR 1,095.9 crores of shares across two bulk trades on Monday, met by ICICI Prudential Life Insurance Company Limited at INR 143.7 crores, the HSBC India Infrastructure Equity Mother Fund at INR 101.5 crores and Goldman Sachs Investments Mauritius I Limited at INR 92.6 crores, a net sell of INR 758.1 crores that stands as the week's single largest directional move.
BSE Limited (BSE) saw a clean handover from foreign to domestic funds on Tuesday. Goldman Sachs Investments Mauritius I Limited and BNP Paribas Financial Markets together sold INR 2,186.4 crores, while UTI Mutual Fund and Nippon India Mutual Fund together bought INR 1,677.6 crores, a net sell of INR 508.8 crores. At Honasa Consumer Limited (HONASA), Peak XV Partners Investments VI and Sequoia Capital Global Growth Fund III, both part of the same venture group that previously invested as Sequoia Capital India, sold a combined INR 596.8 crores, met by ICICI Prudential Life Insurance Company Limited and Franklin Templeton Mutual Fund buying INR 230.0 crores, a net sell of INR 366.8 crores. At Kajaria Ceramics Ltd (KAJARIACER), the Chetan Kajaria Family Private Trust sold INR 214.2 crores against an INR 124.95 crore purchase by SageOne Investment Managers LLP, a net sell of INR 89.3 crores.
Not every large trade left a mark on net flow. IRB InvIT Fund (IRBINVIT) units worth INR 351.6 crores moved from Arvesta Financial Services Private Limited and Neo Treasury Plus Fund to four L&T group entities, L&T Technology Services Limited, L&T Welfare Company Limited, LTM Limited and L And T Employees Welfare Foundation Private Limited, absorbed in full with no net impact. R Systems International Limited (RSYSTEMS) saw the widest participation of the week, 52 deals across 17 distinct brokers and proprietary trading firms over two sessions, nearly all of whom appear on both the buy and the sell side for close to identical quantities, a pattern of reciprocal trading rather than a directional signal, and it nets to almost nothing. Kapston Services Limited (KAPSTON) was the cleanest one sided exit of the week, Srikanth Kodali selling INR 502.6 crores across two days with no offsetting buy recorded in either window.
On the buy side, Varmora Granito Limited (VARMORA) was net bought by INR 65.5 crores, though most of its 16 deals follow the same reciprocal pattern seen in RSYSTEMS, with two buyers, Econo Trading And Investment Private Limited and Acquario Wealth Advisors LLP, accounting for the net skew.
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 28 September to 1 October 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.