Fund managers made fresh purchases in several stocks in the capital goods and auto ancillaries sectors, where the easing of semiconductor shortage is expected to lead to increased production of automobiles and reduce the waiting period.
ET OnlineMoney managers also picked up financial stocks such as HDFC AMC, ICICI Lombard, HDFC, and Bank of Baroda among others as the theme remains under-owned after the sell-off earlier this year.
Indian mutual fund managers were cautious in their stock purchases in August as they stuck largely to domestic plays with an eye on a turnaround in the economy and an expected revival in capital expenditure.
Fund managers made fresh purchases in several stocks in the capital goods and auto ancillaries sectors, where the easing of semiconductor shortage is expected to lead to increased production of automobiles and reduce the waiting period.
ET Online
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