Mutual funds, which poured in over Rs 2,000 crore in Indian equity markets in March, pared their positions or made an exit in stocks such as Coal India, Divi’s Laboratories, Tech Mahindra, TCS and Dr. Reddy’s Laboratories which slipped up to 20 percent so far in the year.
After a lacklustre 2016, 2017 has been nothing short of a blockbuster year for investors with benchmark indices hitting fresh record highs in April. The S&P BSE Sensex and Nifty rose 11 percent and 12 percent respectively.
The large part of the rally was driven by abundance liquidity from both global as well as domestic investors who poured in close to Rs 30K crore in January-March period.
