Union Bank, Maruti Suzuki India, PI Industries Ltd, Karur Vyasa Bank, Data Patterns India, FSN E-Commerce, State Bank of India and Adani Enterprises Ltd were some of the stocks where private life insurers upped exposure in February.
The consensus view on the Street is that foreign investors have little choice but to invest in India. The other commonly held view is that the RBI is unlikely to cut interest rates before the Fed does so
Market ahead: Ahead of Market: 12 things that will decide stock action on Tuesday indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
In February, mutual funds continued to trim positions in heavyweights such as Bharti Airtel (Rs 2,800 crore), HDFC Bank (Rs 1,700 crore), Reliance Industries (Rs 1,500 crore) and HDFC (Rs 1,400 crore) as investors continued to redeem money in equity schemes. Positive flows were seen in NTPC (Rs 700 crore), IndusInd Bank (Rs 700 crore) and L&T (Rs 650 crore). Most large MFs remained underweight on banking and overweight on capital goods. Mid-cap additions included SAIL (Rs 540 crore), IRCTC (Rs 430 crore) and Jindal Steel (Rs 290 crore), while major reductions included Dixon Tech (Rs 440 crore), Max Fin (Rs 400 crore) and PI Industries (Rs 390 crore). Small-cap additions were PVR (Rs 380 crore), Railtel (Rs 280 crore) and ESAB (Rs 230 crore) while key reductions were Engineers India (Rs 240 crore), Indian Energy Exchange (Rs 160 crore) and Just Dial (Rs 140 crore).