In April, Indian mutual funds increased cash holdings by over Rs 12,700 crore, taking total cash to about Rs 1.98 lakh crore, despite a strong market rebound. While some fund houses added to their cash buffers, others cut back, signaling uneven positioning across the industry. SBI Mutual Fund emerged as the biggest cash holder among peers.
Indian equity markets snapped a four-session losing streak with modest gains on Wednesday. Several stocks led the rebound, including Hindustan Zinc, Vodafone Idea, Dixon Technologies, and Texmaco Rail, which rallied sharply. Traders will be watching whether the turnaround holds beyond the day’s “big movers” as sentiment shifts back to buyers.
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