Financial sector saw higher buying (weight at 31.1%, up 246bps mom, however still 400bps lower than NSE 200 banking weight). Followed by Industrials (at 4.7%, up 25bps mom), Metals & Mining (at 2.7%, up 22bps mom) and Auto & Anc. (at 6.5%, up 16bps mom).
MFs reduced holdings: Oil & Gas (at 7.4%, -99bps mom), IT (at 10.6%, -83bps) and Staples (at 6.1%, -35bps). Others were Healthcare, Agri & Chem, Tele & Media, Utilities, Building Material, Transport, Discretionary, losing 34/24/14/13/10/5/1 bps mom respectively.
IT and Financial sectors remain the most bought sectors on 5 month basis.