Fund managers make hay as markets remain directionless

Markets edged lower during a data heavy week under review, as weak macroeconomic numbers and anaemic foreign fund flows weighed on the indices. Meanwhile, the third quarter earnings got a kick start with strong Infosys numbers. Since the start of 2014, four of the six fund managers were actively churning their portfolios adjusting to the changing tides of the market. Ankit Agarwal of Centrum continued to be the top gainer with a 13.5 per cent gain in his portfolio value followed by Vinay Khattar of Edelweiss and Sunil Jain of Nirmal Bang logging in eight per cent gains each.

VINAY KHATTAR
Head of research, Retail Capital Markets, Edelweiss Financial

Vinay Khattar was active with a series of 'buy' and 'sell' calls.

His top prominent buys were Apollo Tyres, Tata Motors, Maruti Suzuki India, Larsen & Toubro and Bank of Baroda.

In the interim, he sold Aban Offshore, ING Vysya Bank, Kolte Patil Developers, HCL Technologies, Hexaware Technologies with gains of at least 12 per cent. He also, booked marginal losses in Rallis India and Idea Cellular.

SACHIN SHAH
Fund manager, Emkay Investment Managers

Shah started the new year with a series of 'buy' calls which includes names like Tata Communications, AIA Engineering, PTC India Financial Services, PTC India, Biocon, Lakshmi Machine Works, Pidilite Industries among a host of other names.

SUNIL JAIN
Head-equity research- retail, Nirmal Bang

Jain added Finolex Industries, YES Bank and Infosys ahead of its third quarter result. Meanwhile, he cleared off Bank of India and Astra Microwave Products with gains of up to 38 per cent.

ANKIT AGARWAL
VP - fund manager, Centrum Broking

Agarwal chose to add Ipca Laboratories and Gujarat Pipavav Port to his portfolio.

Phani Sekhar from Angel Broking and Taher Badshah from Motilal Oswal AMC were inactive over the past two weeks.

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