What's hot, what's not with mutual funds?

Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news NTPC | Ashok Leyland | Idea Cellular | Gujarat State Petronet | Hindalco Industries | Oil and Natural Gas Corporation | Reliance Industries | Axis Bank | Tata Steel | Larsen and Toubro |

Top shares traded by MFs                        (based on value)
Top 5 shares bought	Value (Rs in cr)
NTPC	764.32
ONGC	763.23
Reliance Industries	589.43
ICICI Bank	381.24
Bharti Airtel	299.94
Top 5 shares sold	Value (Rs in cr)
Axis Bank	-292.94
Larsen and Toubro	-269.02
Tata Steel	-267.23
Hero Honda Motors	-230.34
HDFC Bank	-161.86

Idea Cellular was sold extensively by Templeton, SBI and Kotak MFs; in that Templeton MF was the top seller with over 1 crore shares sold. Among other telecom stocks, Bharti Airtel figured in MF's top buy list.

Hindalco Industries, the third top sell stock, was sold by two out of eight MFs and Templeton MF was the top seller with over 1.25 crore shares being sold. Among other metal stocks, Tata Steel (it was top sold stock in terms of value; where in six out of ten MFs were sellers), SAIL and Monnet Ispat were sold while Sesa Goa and Gujarat NRE Coke figured in MF's top buy list.
 
In terms of value, Axis Bank was the top sell stock, wherein six out of ten mutual funds sold the stock. Templeton MF was the top seller, which bought more than 18 lakh shares of Axis Bank. Among other financial stocks, IDFC, Allahabad Bank, Bank of Baroda, HDFC Bank, Indian Overseas Bank, Union Bank, Development Credit Bank and Punjab National Bank were sold while Central Bank of India, ING Vysya Bank, Yes Bank, SREI Infrastructure and ICICI Bank figured in MFs' top 50 buy list.

L&T was other top buy stock in terms value, in that six out of ten mutual funds sold the stock and Templeton MF emerged as a top seller with over 8 lakh shares sold. Among other capital goods stocks, HCC, GMR Infrastructure, AIA Engineering, Crompton Greaves and Praj Industries were sold while IVRCL Infrastructure and Noida Toll Bridge were figured in MFs' top 50 buy list.

Funds increased exposure to technology majors like TCS, Satyam Computer, Wipro and HCL Technologies while reduced investment in Tanla Solutions and 3i Infotech.

Weightage to media pivotals Network 18 Media, IBN 18 Broadcast and Television Eighteen was increased, but HT Media was sold. In the broking space, MFs raised the stake in India Infoline and Motilal Oswal Financial Services. Balrampur Chini and Shree Renuka Sugars were bought stocks in the sugar pack. Top rung paper stock Ballarpur Industries was sold while Orient Paper was bought.

Fertilizer and chemical majors Chambal Fertilisers, Deepak Fertilisers, National Fertilisers and Tata Chemicals were sold. In the cement space, India Cements and ACC figured in MF's top sell list while UltraTech Cement and Prism Cement were bought.

In the shipping pack, mutual funds offloaded stake in Bharati Shipyard (the company made open offer to Great Offshore for buying another 20% stake) while increased exposure to Great Eastern Shipping. In the realty segment, DLF was sold while Unitech and Mahindra Lifespace were bought.

Among the pharma stocks, Cipla, Piramal Healthcare and Novartis India were sold. In the FMCG space, MFs bought Marico and United Spirits while sold Dabur, Nirma and ITC.