Sunil Subramaniam says he has a 40% allocation in defensives, including FMCG, IT, pharma and a 60% allocation in cyclicals, “where I put in capital goods, discretionary consumption including auto and housing, into the bucket. So, a 40-60 allocation.” He also says before election, "tilt towards inflation management and consumption will be key drivers in the stock market also."
“Once you have a domestic focus, keep a broad market focus. If FIIs want to come into largecaps, somebody has to sell. Local players like domestic mutual funds, the domestic alternative investment funds, insurance companies will keep rotating that. I do not see a cause for worry in terms of wealth creation in India.”
As many as 88 stocks were on the short-covering list based on the open interest percentage. These included Rain Industries, Hindustan Aeronautics, Dr Lal PathLabs, LIC Housing Finance and Mahanagar Gas
Based on the OI percentage, 51 stocks were on the short-covering list. These included Indian Hotels, Mahanagar Gas, Sun Pharmaceutical Industries, Indus Towers, and Sun TV Network.