With the equity market outlook turning uncertain in the wake of the 6.2% drop in the Nifty in October, domestic fund managers adopted a stock-specific approach. They considered themes that have a long runway for growth.
Rising electricity demand and ambitious targets for renewable energy capacity expansion, over the next few years led to fund managers buying stocks like NHPC , KEI , Inox Wind Energy and IEX. With government spending likely to resume in the second-half of the fi nancial year, some fund managers bought into cement stocks like Ramco Cement and Ambuja Cement. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations.
View Details » Some valueconscious fund managers, who believe that the markets are likely to correct further, moved a part of their portfolio to defensive pharma stocks like Zydus Lifesciences , Laurus Labs , Torrent Pharma and Aarti Drugs . ET Bureau Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Django & PostgreSQL Mastery: Build Professional Web Applications By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.
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MFs buy renewables, cement and pharma in October
Amidst October's volatile stock market and a dip in the Nifty, Indian fund managers focused on long-term growth sectors. They invested in renewable energy companies due to increasing electricity demand and government initiatives. Anticipating a rise in government spending, cement stocks also attracted investments. However, some managers, wary of further market corrections, sought refuge in defensive pharmaceutical stocks.