Write short notes on the following: (e) Bulk Deal.

Bulk deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of a listed company. Bulk deal can be transacted by the normal trading window provided by brokers throughout the trading hours in a day. Bulk deals are market driven and take place throughout the trading day. The stock broker, who facilitates the trade, is required to reveal to the Stock Exchange about the bulk deals on daily basis. Bulk orders are visible to everyone. If the bulk deal happens through a single trade, it should be notified to the Stock Exchange immediately upon the execution of the order. If it happens through multiple trades, it should be notified to the exchange within one hour from the closure of the trading.