Indian mutual funds purchased equities worth Rs 2,447 crore in May, compared to selling Rs 4,533 crore in April, according to IDBI Capital. In the small-cap sector, some of the major holdings added to portfolios include Jupiter Wagons, Nexus Select Trust, Carysil, Chennai Petroleum Corp and Faze three. In May, retail investors saw a halving of flows into equity mutual funds to Rs 3,240 crore, their lowest in six months, as investors booked profits due to a rise in markets and flows into debt schemes.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20