SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz

According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077

SBI Life Insurance jumped 3.6 per cent to a high of Rs 1,116.70 in Tuesday's intra-day trade amid reports of a block deal. The counter witneesed significant jump in volume with around 96,000 shares traded on the BSE as against its two-week daily average volume of around 34,000 shares. Similarly, 16.91 lakh shares exchanged hands in the first hour of trades on the NSE as against a total of 9.26 lakh shares traded on Monday.

According to media reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039