Indian benchmark shares were flat on Tuesday, with losses in IT stocks capping gains, as the lack of fresh triggers and thin year-end trading volumes weighed and investors looked to the upcoming third-quarter earnings season for a confidence boost.
The Nifty 50 fell 0.02% to 26,167.35, while the BSE Sensex shed 0.08% to 85,496.56 as of 10:35 a.m. IST.
Shares of Davangere Sugar Company witnessed significant bulk deal activity on the National Stock Exchange (NSE) on December 22, with multiple institutional and non-institutional investors participating on both the buy and sell sides. The transactions point to heightened investor interest and active churn at lower price levels.
On the buying side, large purchases were led by Beacon Stone Capital VCC – Beacon Stone I, which acquired 50 million shares at an average price of ₹3.92. Craft Emerging Market Fund PCC – Elite Capital Fund bought 20 million shares at ₹4.10, while 3 Sigma Global Fund purchased 10 million shares at the same price.
Other notable buyers included Neo Apex Venture LLP, which bought 1,00,00,008 shares at ₹3.81 through an intraday trade, SW Capital Private Limited with 2,00,000 shares at ₹4.66, and Arihant Capital Markets Limited, which picked up 3,78,240 shares at ₹3.73.
On the selling side, Arihant Capital Markets Limited was the largest seller, offloading 39.08 million shares at an average price of ₹3.93. Ascent Wealth sold 32.05 million shares at ₹3.85, while Trade Corner disposed of 27.5 million shares at ₹4.02.
Other sellers included Metasoni Alloys Pvt Ltd (10.5 million shares at ₹3.96), SW Capital Private Limited (7.5 million shares at ₹3.80), and Neo Apex Venture LLP, which sold 1,00,00,008 shares at ₹3.61 via intraday trades.
Overall, the stock saw over 200 million shares change hands through bulk deals during the session, indicating strong trading interest and possible realignment of shareholding among institutions. The wide range of prices, largely between ₹3.6 and ₹4.7, suggests active price discovery and differing views on the company’s near-term prospects.
India's sugar production for the 2025-26 season is projected to rise by approximately 18% to 30.9-34.9 million tonnes, driven by favorable monsoon conditions and improved cane yields. As of December 15, 2025, sugar output has already jumped 28% to 78.05 lakh tonnes compared to 60.70 lakh tonnes in the same period last year, with crushing operations up 25.6%.
Maharashtra, India's top producing state, has more than doubled its output to 31.30 lakh tonnes from 16.80 lakh tonnes, while Uttar Pradesh production increased to 25.05 lakh tonnes from 22.95 lakh tonnes. Karnataka's output also rose to 15.50 lakh tonnes from 13.50 lakh tonnes during this period.
On Tuesday, Davangere Sugar Company's share price jumped over 1% as the company saw multiple bulk deals on December 22, 2025. As of 10:50 am, the stock price was trading at ₹3.61 per share, up by 1.69%.

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