The majority of the activity was in private banks and fi nancial services companies. Reliance Industries was another stock that changed hands between these fund houses. Money managers also cut their holdings in IT stocks, which face a hazy outlook in the wake of the economic uncertainty in the US.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj