Reliance Industries executed a block deal of Rs 50,000 crore in value on the BSE today, according to a source close to the exchange. Trading volumes in the stock spurted 367 times today as a result. Details of the deal haven't been disclosed yet.

On Wednesday, Kotak Mahindra Bank Ltd sold 1.5 per cent stake in the bank from Uday Kotak, the MD, to Canadian pensions funds, Canada Pension Plan Investment Board (CPPIB) and Caisse de Depot Quebec (CDPQ). According to stock exchange data, CPPIB and CDPQ had bought 9.2 million and 18.4 million shares, respectively, in bulk deals, amounting to Rs 2,254 crore. The Reserve Bank of India had directed Kotak to cut his stake in the bank to 30 per cent by the end of June.