Foreign Institutional Investors (FIIs) have been net purchasers in Indian share market place in the January-March quarter to the tune of $7.3 billion, raising weights in two-thirds of the market sectors, and growing stakes in a majority of Nifty 50 and Nifty 500 businesses. Domestic Institutional Investors, on the other hand, have been net sellers at $3.2 billion, cutting stakes in a majority of leading 500 businesses on the NSE, according to information by Motilal Oswal Financial Services. The benchmark NSE Nifty 50 has recovered from current lows, just about doubling due to the fact March 2020. The Nifty Midcap one hundred has gained more than 123 per cent in the similar period.
FIIs on a purchasing spree
FII holding in the Nifty 500 index was back at pre-COVID levels in the fiscal fourth quarter January-March 2021. It was a marginal decline sequentially, but a 22.3 per cent raise on-year. Foreign investors improved ownership in 64 per cent in Nifty 50 firms, and in 57 per cent of Nifty 500 businesses, sequentially in January-March. In the Nifty 500 index, FIIs have the highest ownership in Private Banks followed by NBFCs, Oil & Gas, Insurance and Real Estate.
DIIs sell
DII holdings in the Nifty 500 hit a seven-quarter low at the finish of the March 2021 quarter. Their stake was down 10bp sequentially and 50bp on-year to 14.2 per cent. DIIs trimmed stake in 62 per cent of Nifty 50 businesses, and in 56 per cent of Nifty 500 businesses. DIIs have the highest ownership in Capital Goods, Private Banks, Metals, Consumer Durables and PSU Banks. Out of total DII holdings of $378 billion in the Nifty 500, Private Banks are at the leading, followed by Technology and Consumer.
Top stocks in which FIIs raise holdings by 1% or more
– Cipla
– Grasim Industries
– Hero MotoCorp
– Hindalco
– Power Grid Corporation of India
– SBI Life Insurance
– Tata Steel
– UPL
FIIs raise holdings in these sectors
– Telecom (+130bp)
– Metals (+100bp)
– Consumer Durables (+100bp)
– Real Estate (+80bp)
– Cement (+60bp)
– Chemicals (+60bp)
– Insurance (+50bp)
– Healthcare (+40bp)
FIIs reduce holdings in these sectors
– NBFCs (-40bp)
– Auto (-30bp)
– Consumer (20bp)
– Technology (10bp)
Top stocks in which DIIs raise holdings by 1% or more
– Bajaj Auto
– BPCL
– IndusInd Bank
– SBI Life Insurance
DIIs raise stake these sectors
– Consumer (+30bp)
– Healthcare (+20bp)
– PSU Banks (+20bp)
DIIs reduce stake in these sectors
– Utilities sector (-120 bp)
– Capital Goods (-90 bp)
– Capital Goods (-50 bp)
– Telecom (-50 bp)