What To Watch. Will Morgan Stanley selling hit Federal Bank?

Federal Bank will remain in focus at the bourses, as Morgan Stanley sold 86.16 lakh shares in the bank. According to NSE bulk deal data, shares were sold at an average price of ₹60.28. However, buyers' names were not disclosed. The trade translates to less than 1 per cent of the bank's equity. ChrysCapital entity Warhol, LIC, NRI businessman MA Yousuf Ali, International Finance Corp and Bank Muscat have sizeable exposure in the bank.