I-Seek is reported to have picked up close to 8 lakh shares of BPCL, 7 lakh shares of L&T, 10 lakh shares of Reliance, 5 lakh shares of Bhel and around 4 lakh shares of MTNL. The identity of the funds, however, is yet to be confirmed.

Sellers galore
The Sterlite Opticals stock seems to be dancing to the tune of global optic fibre major Corning Inc, which has seen a 23 per cent erosion in stock prices since the day it announced a profit warning. Sterlite has lost close to 18 per cent during the same period with some of the staunchest followers heading for the exit. Over the last few trading sessions, between 1.5 to 2 million shares are reported to have been offloaded. Taking a cue from the Savvy Fund Manager, Cane Bank Off Shore and Singapoori Sarkar (SS) too have started pressing sales at the counter.

Trivia
Sify's mounting losses have not ruffled Goldmen Socks, Savvy Fund Manager, Singapoori Sarkar, Cop Tail, Mereel Inch fund and Kind Words Benson fund, who are all steadily buying into the stock. On Friday also, about 5 lakh shares are reported to have been picked up in addition to the million shares bought yesterday. Surprisingly, just two months every second fund manager was thrashing Satyam Computer citing Sify's losses as the reason. But of course, in a fairly bullish market, everything is forgiven. Close to 2 million shares of Reliance Industries were picked up on Thursday with the list of buyers including Savvy Fund Manger, T-No Prize, SS and Cap-It-All.

In the melee, the Jane Fund is reported to have quietly sneaked in and picked up a small chunk. Say Yes If Be is reported to be accumulating shares of Apollo Hospital regularly, a counter once fancied by the Chote Miyan of Dynamic Duo.

Expanding list
Talks of a milestone payment due in March is reported to be the latest reason for the buying interest at the Ranbaxy counter. Close to 7-8 lakh shares have been picked in the last three days with Uncle Sam and a few hedge funds reported to be among the buyers. The tribe of L&T followers is growing steadily with the list of buyers including, Doish Green Fall, Cop Tail, Savvy, University Super Annuation Citi Market, just to name a few. By the time the company announces its partner for the cement plant, almost every fund manger in town would have become a shareholder in the company.

Savvy Fund Manager is reported to be steadily accumulating Digital Equipments, having picked up up close to 1.5 lakh shares on Friday also. RBI permitted buying to the tune of close to 70,000 shares was reported to at the HDFC counter on Friday, while One Man Army is believed to have offloaded close to 4 million shares of HFCL over the last few days.

Santosh Nairemail:santoshnair@myiris.com