In August, fund managers actively adjusted their portfolios, focusing on stock-specific opportunities. Significant shuffling occurred within the automobile sector, involving Maruti Suzuki, Mahindra & Mahindra, and others. Financial and IT sectors also saw rotations, with increased interest in Kotak Mahindra and ICICI among larger banks, while consumer saw Varun Beverages being bought and ITC and Hindustan Unilever being sold.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major