Two Adani firms among top five large-cap stocks bought by MFs in August
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Two Adani group stocks were among the top five large-cap stocks bought by mutual funds in August 2023.
A total of 61 lakh shares of Adani Power were bought in August as opposed to 17 lakh shares in July 2023, according to ICICI Securities.
Twenty-two lakh shares of Adani Energy were bought in August, up from 16 lakh in July 2023.
Adani Power, Adani Energy Solutions, Vedanta, Interglobe Aviation and Dabur India were the top five stocks bought in the month gone by while Siemens, Pidilite Industries, Tube Investments of India, Indian Oil Corporation and Marico were the most sold large-cap stocks in August 2023, noted the ICICI Securities report.
Other major large-caps that were bought were Britannia Industries, Tata Power, Zomato, UPL and IRCTC.
Other major large-cap sells were Berger Paints, Trent, Torrent Pharma, Tata Consumer Products, Dr Reddy's Laboratories.
Amid mid-cap stocks, Union Bank of India, Coforge Ltd, Aditya Birla Capital, Star Health and Allied Insurance, and IIFL Finance were most bought, while GMR Airports Infrastructure, Ashok Leyland, Supreme Industries, Bharat Heavy Electricals and Piramal Enterprises were most sold.
Other major mid-cap purchases included Sun TV, ACC, FSN E-commerce, Petronet LNG, Dixon Technologies.
Other major mid-cap sells were LIC Housing Finance, Astral, Escorts Kubota, Tata Chemicals and HDFC Asset Management Company.
In the small-cap space, Inox Wind, Suzlon Energy, BSE, SJS Enterprises and Piramal Health were most bought, while Anupam Rasayan India, Campus Activewear, Camlin Fine Science, Globus Spirits, and Mahanagar Gas were most sold.
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After Haryana, the BJP would also sweep the upcoming assembly elections in Maharashtra and Jharkhand, BJP president J P Nadda asserted on Friday.
Nadda, who paid obeisance at the Shri Naina Devi temple here, said the people were happy with the performance of the BJP government at the Centre led by Prime Minister Narendra Modi.
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Noel Tata, half-brother of the late Ratan Tata, has been unanimously elected as the chairman of Tata Trusts following the passing of the legendary industrialist Ratan Tata, CNBC-TV18 reported on Friday. Noel Tata is already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. He will now lead the trusts that hold a controlling stake in Tata Sons, the primary holding company of the Tata Group.
The move has long been anticipated, given Noel Tata’s close involvement with Tata Trusts and his extensive experience within the conglomerate.
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After the Haryana poll debacle, Congress MP and LoP Rahul Gandhi attended the review meeting called by party president Mallikarjun Kharge at his residence in Delhi. Among those present were the party's Haryana observers Ashok Gehlot, Ajay Maken, Deepak Babaria and KC Venugopal.
Sources said that the Congress MP remained largely quite, but when his turn came, he observed two things; one being that Electronic Voting Machines (EVM) and the Election Commission of India (EC) "have much to answer" and another was that "the local leaders were more interested in their own progress than that of the party", leaving a loud silence in the room.
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Former US President Donald Trump, who is campaigning for another term in the White House, promised to introduce a system of "reciprocal tariffs" if re-elected. In an economic policy speech in Detroit on Thursday, the Republican candidate singled out India, claiming it imposes some of the highest tariffs on foreign goods among major global economies.
This is not the first time Trump has criticised India for its tariffs. Just last month, he called the nation a "big abuser" of US trade relations.
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Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal.
Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said.
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