Fund managers lapped up IT stocks in April after index correction

As per an analysis by Nuvama Alternative & Quantitative Research, companies in the information technology (IT) sector found favour among fund managers following a sharp correction in the IT index

Markets rose for a second straight month in April with net flows from both domestic mutual funds (MFs) and foreign portfolio investors (FPIs) remaining positive.  MFs bought shares worth ₹17,000 crore, while FPIs pumped in ₹10,400 crore. Monthly disclosures by equity MF schemes gives a peak into companies that were on the radar for fund managers.  According to an analysis by Nuvama Alternative & Quantitative Research, companies in the information technology (IT) sector found favour among fund managers following a sharp correction in the IT index. MFs pumped in close to ₹3,000 crore in Infosys and another ₹2,400 crore in