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SBI Gained Prominence in Equity Funds Portfolio

Sensex gained 9.13 per cent in December 2008 and equity funds churned their large cap positions but overall they bought stocks worth Rs 1,064 crore in December.

State Bank was the top purchase across all equity funds in December as 16 funds added to their portfolios. State Bank gained 22 per cent in December. Reliance Equity and DSP BlackRock's four equity funds - DSPBR Top 100 Equity, DSPBR Small & Mid Cap, DSPBR Equity Fund and DSPBR T.I.G.E.R Fund fancied State Bank most.

Satyam Computer was the other most fancied stocks in December. HDFC bought Satyam for its leading equity funds -- HDFC Equity, HDFC Top 200 and HDFC Growth and HDFC Small & Mid-caps. ICICI Prudential Dynamic Fund and Sundaram BNP Paribas Select Focus Fund were also prominent buyers of Satyam. These fund purchase were after the failed bid to acquire Maytas companies but before Mr Ramalinga Raju's confession.

The other prominent fund buys in December included -- Maruti Suzuki, HDFC and ITC.

Ironically, Infosys shares worth Rs 270 crore, making it the most sold stock in December. HDFC Top 200, Reliance Equity Advantage, DSPBR Top 100 Equity, Kotak Opportunities Fund were the leading funds to sell Infosys.

ONGC was in the second position of the most sold stock as schemes like HDFC Equity, HDFC Top 200, Reliance Equity Advantage, HSBC Equity and DSPBR Top100 Equity offloaded the stock heavily. Other prominent sell off was in Reliance Industries, TCS and GAIL.

Most Bought Stocks
Stocks  Value(Rs Cr)  Shares Bought(lakhs)
Large Caps    
State Bank of India 291.12 24.51
Satyam Computer Services  176.92 85.64
Maruti Suzuki India  175.78 33.29
HDFC 157.49 10.67
ITC  105.39 61.10
Mid Caps    
LIC Housing Finance  89.47 45.37
Suzlon Energy  73.65 141.71
Sun TV Network  69.14 44.99
Rural Electrification Corpn.  68.13 106.79
Oriental Bank Of Commerce 56.60 37.67
Small Caps    
Jyothy Laboratories  33.63 19.26
Kingfisher Airlines  32.48 95.25
Gujarat Mineral Devp. Corpn.  28.47 82.10
Triveni Engineering & Inds.  27.43 62.15
Kalpataru Power Transmission  13.38 4.60

Most Sold Stocks
Stocks  Value(Rs Cr)  Shares Sold(lakhs)
Large Caps    
Infosys Technologies  -270.22 -22.92
Oil & Natural Gas Corpn.  -233.07 -34.20
Reliance Industries  -183.51 -15.54
Tata Consultancy Services  -112.23 -21.66
GAIL (India)  -85.96 -42.75
Mid Caps    
Hindalco Industries  -59.87 -114.36
Punj Lloyd -55.53 -39.13
ABB  -37.41 -8.39
MTNL -29.58 -38.64
Dr. Reddy's Laboratories  -27.04 -6.02
Small Caps    
Maytas Infra  -38.25 -11.64
Tamil Nadu Newsprint & Papers  -31.97 -48.92
3i Infotech  -9.49 -26.70
SKF India  -6.93 -5.29
Maharashtra Seamless  -6.89 -4.97
Data between November - December 2008