Hindalco Industries and Reliance Communication saw much action during February 2008 mutual fund portfolios.

Reliance Vision Fund (7,999,620 Shares), Reliance Equity Advantage Fund - Retail (2,058,649 shares), JM Arbitrage Advantage Fund (413,758 shares), picked up Hindalco Industries, whereas Templeton India Equity Income Fund (200,000 shares), DSP Canara Robeco Multicap (80,000 shares), Standard Chartered Enterprise Equity Fund (55,933 shares) sold the same.

Reliance Communication was favored by Reliance Equity Advantage Fund - Retail (3,391,204 shares), UTI Long Term Advantage Fund - Series I (510,000 shares), UTI India Lifestyle Fund (223,100 shares).

And the same was sold by SBI ARBITRAGE Opportunities Fund (217,764 shares), ABN AMRO Tax Advantage Plan (53,730 shares) and Standard Chartered Enterprise Equity Fund (51,288 shares).

Based on volumes, the most bought shares during the period were NTPC, Tata Steel, ICICI Bank, Satyam Computer Services and ONGC.

HUL,M&M, Reliance Infrastructure, Cipla and HDFC Bank the most sold shares in February 2008.