Mutual funds, MFs bought huge quantity of shares of power major and state-run NTPC, oil & gas exploration company Reliance Petroleum and commercial vehicle maker Ashok Leyland, while reduced exposure to telecom company Idea Cellular, gas transportation company Gujarat State Petronet and Hindalco Industries, flagship of Aditya Birla Group. Oil & gas, technology, banking, power, sugar and media stocks dominated the top 50-buy list, ahead of first Union Budget of UPA (United Progressive Alliance) government. However, selling was seen in shares of metal, capital goods, fertilizer and banking companies. Stocks were re-aligned in the cement, auto, shipping, paper, pharma, realty and FMCG sectors.

In terms of value, NTPC, ONGC and Reliance Industries were the top purchases by MFs, while Axis Bank, L&T and Tata Steel topped the sell list.
 

Reliance Petroleum was second top sold stock in terms of volumes, where in four out of six funds bought it. ICICI Prudential MF was the top buyer of the stock with over 84 lakh shares being bought. In the oil & gas space, ONGC and Reliance Industries were other top two sell stocks in terms of value. Eight out of ten MFs bought former one, where in Reliance MF was the top buyer with over 4 crore shares being bought and seven out of ten MFs bought in the later; where in ICICI Prudential MF was the top buyer, with over 10 lakh shares being bought. MFs bought BPCL and GAIL as well. However, Gujarat State Petronet was the top second sell stock; where in five out of six MFs were sellers and in that, Tata MF was the top seller, with over 48 lakh shares being sold.

Commercial vehicle maker Ashok Leyland was third top bought stock; three out of five mutual funds bought the stock and Tata MF was the top buyer with over 99 lakh shares bought. Among other auto and ancillary stocks, Apollo Tyres and M&M figured in MFs’ top buy list while Hero Honda Motors, Tata Motors, Bharat Forge and Maruti Suzuki figured in MFs’ top sell list of 50 stocks.

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