 "Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept")
Taking advantage of the weakness in the market, domestic mutual funds (MFs) pumped in Rs 18,600 crore into domestic stocks in September even foreign portfolio investors (FPIs) pulled out Rs 13,400 crore.
Infosys, Kotak Mahindra Bank and Maruti Suzuki were the top buys for MFs.
On the other hand, Bharti Airtel, Tata Steel and ICICI Bank were the top-sells. Abhilash Pagaria, head at Nuvama Alternative & Quantitative Research, said the auto sector saw a lot of churn by MFs.
Besides Maruti Suzuki, domestic funds added Hero MotoCorp to their kitty while trimmed positions in Tata Motors, Ashok Leyland and TVS Motors.
GR Infra, CG Power and LIC Housing were key additions from the mid-cap space and Triveni Turbine, Butterfly Gandhimathi Appliances and Vijaya Diagnostic were key additions from the small-cap space.
Infosys, Kotak Mahindra Bank and Maruti Suzuki were the top buys for MFs.
On the other hand, Bharti Airtel, Tata Steel and ICICI Bank were the top-sells. Abhilash Pagaria, head at Nuvama Alternative & Quantitative Research, said the auto sector saw a lot of churn by MFs.
Besides Maruti Suzuki, domestic funds added Hero MotoCorp to their kitty while trimmed positions in Tata Motors, Ashok Leyland and TVS Motors.
GR Infra, CG Power and LIC Housing were key additions from the mid-cap space and Triveni Turbine, Butterfly Gandhimathi Appliances and Vijaya Diagnostic were key additions from the small-cap space.
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