- FranklinTempleton Asset Management has increasedits weightage in oil & gas, metals & mining and utilities space, whilereduced its exposure in media & entertainment, telecommunication andtobacco sectors.NHPC, CromptonGreaves and SteelAuthority of Indiawere the top buys, while DeccanChronicle Holdings,IdeaCellular and GVKPower & Infra were the topsells.
- DSPBlackRock Mutual Fund has increasedits exposure in cement & construction, media & entertainment andconsumer durables. However, it slashed its investments in oil & gas,banking & financial services and engineering & capital goods spaceJaiprakashAssociates, SteelAuthority of India andIRBInfrastructure were the topbuys by the fund, while top sells includes PowerGrid Corporation, IdeaCellular and ONGC.
· TataMutual Fund decreased itsweightage in metals & mining, pharmaceuticals and engineering & capitalgoods space, while enhanced its exposure in cement & construction, oil& gas and consumer non-durables.
FirstsourceSolutions, RuralElectrification and ITCwerethe top sells, while JaiprakashAssociates, IdeaCellular and HindustanUnilever were the top buys.
· KotakMahindra Mutual Fund hasenhanced its exposure in oil & gas, utilities and consumer non-durables.However, it decreased its weightage in engineering & capital goods, metals& mining and information technology sector.
PowerGrid Corporation, NTPC and HindustanUnilever were top buys, while SterliteIndustries,ShreeRenuka Sugars and FortisHealthcare were top sells bythe fund.
INDIAN STOCKS UPDATE:
CAIRN INDIA:
COLOMBO: An Indian company, engaged in exploring oil in the seas of northern Sri Lanka, has begun drilling a second well, the Sri Lankan government said on Saturday.
Cairn Lanka, a subsidiary of Cairn India which had recently announced the discovery of oil in the Mannar basin, has begun drilling a second well in search of oil in the island nation, Xinhua reported. (SOURCE:http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/cairn-india-subsidiary-drills-second-oil-well-in-sri-lanka/articleshow/10456995.cms)
SUZLON ENERGY:
- Financial Results for the quarter ended September 30, 2011(http://www.suzlon.com/images/investor_quaterly_result/51_Suzlon_Q2_Clause%2041.pdf)
- Suzlon Energy Concludes Sale of Hansen Transmissions Stake(http://online.wsj.com/article/SB10001424052970204002304576628211004463774.html?mod=googlenews_wsj)
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