PNB Housing Finance's shares surged to a seven-month high of ₹1,087.95 on the BSE, rallying 8% intraday amid heavy volumes following a substantial block deal. Quality Investment Holdings PCC, a Carlyle Group entity, initiated the sale of its entire 10.44% stake in PNB Housing via block deals valued at approximately $308 million. The floor price for the stake was set at ₹960 per share. The block deal saw 4.19% of PNB Housing's equity traded pre-market, with 1.73 crore shares changing hands out of the total 2.74 crore shares involved. The broader market also experienced volatility, with the Sensex and Nifty indices initially snapping a two-day gaining streak but later recovering sharply. On May 2, the Sensex soared 900 points, and the Nifty rose above 24,550, supported by a rupee rally and positive global cues. Realty stocks, including Godrej Properties and Macrotech, gained up to 6%, contributing to a 4% rise in the realty index ahead of corporate earnings announcements from Godrej and Phoenix.