We per se have overweight on financials, the largest sector. We were marginal overweight on IT and I think a lot of times these Fed rate peaks, historically we have seen that also leads to some return of interest in IT given the underperformance that they have seen, it is a mild overweight that we have, so that is a second one.
Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; HDFC Bank biggest laggard
The combined market valuation of five of the top-10 most-valued firms eroded by Rs 1 lakh crore last week, with HDFC Bank taking the biggest