15/11/2024, 9:06:03 am

MFs buy big amid market correction in October, target top Nifty stocks

As Indian markets experienced corrections in October amid weak earnings, sustained foreign investor outflows and heightened geopolitical tensions in the Middle East; domestic mutual funds (MFs) took an aggressive stance, accumulating blue-chip stocks. Foreign institutional investors (FIIs) sold over Rs 94,000 cr in October, while MFs made net purchases exceeding Rs 92,000 crore in local equities.