Financials, pharma, and select few lead the pack as funds turn cautious
Nifty 50
gaining 3.1% and the Nifty Smallcap 250 moving up 5.73% in June, fund managers remained cautious, deploying money selectively.
They bought into a mix of lenders such as L&T Finance,
Aptus Value Housing Finance
,
AU Small Finance Bank
, and
RBL Bank
,
Union Bank of India
and M&M Financial. Apart from financials, fund managers made selective purchases in domestic pharma companies with strong brands and growth strategies, picking up stocks like
Laurus Labs
and Divi's Laboratories.
In addition, AMCs were active in stocks like
Asian Paints
,
Britannia
,
Biocon
,
Infosys
,
Gland Pharma
,
Dixon Technologies
,
Premier Energies
, and Kaynes Technology—reflecting selective optimism across sectors beyond financials and pharma.
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