Minda Corporation Ltd and Mankind Pharma Ltd were two companies where both mutual funds and FPIs upped stakes. MFs upped stake in Mankind Pharma by 102 basis points to 8.57 per cent from 7.55 per cent sequentially.
Hindalco Industries Ltd., Swan Energy Ltd. and Union Bank of India will be among the major stocks to watch on Wednesday.
Hindalco Industries wholly owned American subsidiary Novelis Inc., has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission while Swan Energy's Rs 4,000 crore-QIP opened on Tuesday at a floor price of Rs 703.29 per share.