Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

FPIs holding in BSE-200 cos rises to $337 bn in July-Sept qtr

FPI ownership in the BSE-200 index stood at USD 311 billion during the June quarter, according to the Kotak Institutional Equities report.

November 29, 2016 / 02:26 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Foreign Portfolio Investors (FPIs) have raised their stake in BSE-200 companies to USD 337 billion during July-September quarter and heavy buying was seen in sectors like banking and telecom, says a report.

FPI ownership in the BSE-200 index stood at USD 311 billion during the June quarter, according to the Kotak Institutional Equities report.

In percentage terms, FPI holding (including American Depository Receipts or ADRs and global depository receipt or GDR) in the index marginally rose to 25 per cent in three months ended September 30, 2016 against 24.8 per cent in the preceding quarter.

A sector-wise analysis shows that FPIs invested in automobiles, banking and energy and sold pharmaceuticals, technology and telecom stocks.

Meanwhile, domestic institutional investors (DIIs) holdings in BSE-200 companies decreased marginally to 11.3 per cent in the September quarter from 11.4 per cent at the end of the previous quarter.

DIIs have reduced stake in automobiles, energy and cement sectors and bought stocks in technology and pharmaceuticals sectors.

FPIs have bought maximum stake in Manpasand Beverages during the quarter under review -- 5.9 percentage points followed by Bharat Financial Inclusion and Supreme Industries (5.8 percentage points each).

Overseas investors also raised their holdings in Axis Bank, DCB Bank, Karnataka Bank, Teamlease, Mahanagar Gas, Hindalco Industries, Reliance Capital and Tata Motors.

On the other hand, Carborundum Universal saw substantial decline in FPI holdings -- 11.1 percentage points, followed by Ambuja Cements (4.9 percentage points) and Shriram City Union Finance (4.3 percentage points).

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347