Page 9 - Minda Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.

Top mutual funds bought fresh stakes in Inox Wind, BSE, RPG Life Sciences, Shivalik Bimetals Control and Thomas Cook (I) and hiked their holdings in Suzlon Energy, Minda Corp, SJS Enterprises and Medplus Health Services, according to a Nuvama report

In the largecap space, 15 companies witnessed significant block deals worth Rs 7,711 crore, led by Jio Financial Services with 49 block counts, totalling Rs 2,505 crore. The next in line were Bharti Airtel (Rs 1,879 crore), Zomato (Rs 871 crore), HDFC Bank (Rs 784 crore) and Reliance Industries (Rs 257 crore).

On Monday, 2066 stocks advanced, 1676 declined and 165 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets.

Stocks to watch: Shares of firms like Zomato, ZEE, Airtel, Maruti, Suzlon, ONGC, Central Bank, and others will be in focus on Wednesday's trade.