Q3 numbers a concern, mutual funds buy defensives
Healthcare, technology, insurance, and consumer durables were among the sectors in focus.
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While healthcare and technology gain from a depreciating rupee, retail and consumer durables could benefit as consumption is expected to see a pick-up as retail inflation subsides in the coming quarter.
Funds bought into stocks like Divi’s Lab, Mankind Pharma, Yatharth Hospitals, Dr Reddy’s Labs, Whirlpool, Infosys, SBI Life, OFSS, Firstsource Solutions, TBO Tek, and MTar Technologies.
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