HDFC Mutual Fund picks metal, oil&gas; sells engg, banking

The fund purchased Tata Consultancy Services, Infosys Technologies and Wipro in the information technology sector, while it exited Zee Learn.

In the oil & gas segment, it bought Reliance Industries and IOC but it sold GAIL India, Petronet LNG and BPCL.

The selling pressure was seen in the engineering & capital goods, banking & financial services and pharmaceuticals space. In the engineering & capital goods pack, the fund sold Larsen and Toubro, Bharat Heavy Electricals and KEC International. It also exited Kalindee Rail Nirman (Engineers) and Texmaco. However, it introduced Texmaco Rail and bought Elecon Engineering and Carborundum Universal.

In the banking & financial services space, the fund exited India Infoline and IDBI Bank. In the same space it sold SBI, ICICI Bank and Axis Bank. But it purchased HDFC, Bank Of Baroda and Motilal Oswal Financial Services. (Check out - Which sectors are attracting Fund Managers?).