A notable trend this quarter was the shrinking disparity in domestic consumption between high-end and mass markets. This was observed as growth in luxury segments like passenger vehicles, hotels, and jewellery decelerated. In contrast, the FMCG sector stabilised, and durables experienced a robust quarter, largely attributed to the heatwave, according to the Nuvama note.
HUDCO, IDFC First Bank among top 10 mid cap stocks bought by mutual funds in March
Mutual funds actively buy and sell securities to manage their portfolios and deliver superior returns. Here is the list of top 10 mid cap stocks