Market round-up: MFs increase investments in IT and pharma stocks

The threat of protectionist measures may have emerged as a headwind for local information technology (IT) and healthcare stocks. But domestic mutual funds (MFs) continue to see investment opportunities in them. Last month, these two sectors saw the highest rise in allocations by the MF industry, shows data compiled by Motilal Oswal Securities Ltd. According to the report, allocation for healthcare or pharmaceutical stocks rose after three consecutive months of decline. Among the stocks, Infosys Ltd, Dr Reddy’s Laboratories Ltd and banking shares saw notable purchases.

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