In December 2023, four out of the top ten stocks with the highest value increase were from the banking sector, including HDFC Bank and ICICI Bank. The data, analyzed by Motilal Oswal, also highlighted the month’s top losers, featuring Indiabulls Housing Finance and HDFC Life Insurance. Among the Nifty50 stocks, mutual funds were net buyers in 52%, with significant month-on-month net buying in Wipro and JSW Steel. In the NiftyMidcap 100 and Nifty Smallcap 100, mutual funds were active buyers in 65% and 64% of the stocks, respectively, with notable purchases in Bank of India, Mankind Pharma, and Cams Services.