Mutual funds increased exposure to technology, PSU banks, telecom, oil & gas and consumer durables, while autos, utilities, cement and chemicals saw reduced weightings as sector preferences shifted alongside changes in value and ownership patterns.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays