Mutual funds rejig portfolios in October as banking stocks dominate trading action
Mutual fund managers actively rebalanced portfolios in October as equities rose, with significant activity in the banking sector. Private banks and finance companies saw both substantial buying and selling. Selective interest also emerged in IT stocks like HCL Tech and Tech Mahindra, indicating a focus on undervalued companies with potential for valuation expansion.
Mutual fund managers actively rebalanced portfolios in October as equities rose, with significant activity in the banking sector. Private banks and finance companies saw both substantial buying and selling. Selective interest also emerged in IT stocks like HCL Tech and Tech Mahindra, indicating a focus on undervalued companies with potential for valuation expansion.
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