Who's Buying & Selling

FIIs are overweight on Banks in a big way. They bought into Indiabulls & ICICI Bank.

Energy was sold as they sold Reliance and ONGC. BHEL was heavily sold as well.

Mutual funds were selling Banks - SBI and ICICI Bank in a big way

Mutual funds were buying ONGC, Reliance, TCS, Maruti. They also sold ITC, Hindalco, Tech Mahindra, Hero Honda and HDFC Bank

In Midcaps,FIIS bought stocks like Jaiprakash Associates, Aditya Birla Nuvo, Deccan Chronicle, Yes bank, GE Shipping, IVRCL, Videocon and Indian Hotels amongst others. FIIs were selling the smaller financial names like IDFC, IDBI, Centurion Bank, Fed Bank. Other stocks where they cut exposure were IPCL, Cummins, Punj Lloyd, Biocon, Moser Baer and India Cements.