Overall, as many as 44 companies have soared more than 500% amid the ongoing recovery.
Muted institutional flows are leading to some consolidation but there is decent buying in many quality midcap and smallcap stocks.
Markets could also be impacted by an eventful economic calendar that begins with quarterly GDP growth rate numbers, followed by auto sales numbers.
Satish Ramanathan, MD and CIO- Equity at JM Financial Asset Management, said there is a need to wait for the festive season to start.
Sensex updates: Returns from current levels will be more calibrated and focus on quality and value will yield sustainable returns
Among largecap stocks, mutual funds bought shares of Indus Towers, Havells India, SBI Cards, JSW Steel, and Muthoot Finance.
Deciding on a mutual fund category primarily depends on investor's financial goal, time horizon, risk-taking ability and resources
Adani Gas, Apollo Hospitals, Cholamandalam, NMDC, Honeywell Automation, Bank of Baroda & Godrej Properties are likely to be reclassified as large-caps
The BSE Smallcap index has outpaced benchmarks by a wide margin since May last year
Shares of Adani Total Gas have jumped to Rs 1,294 on May 25 from Rs 81.90 in March 2020