Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) each elevated their holdings in almost half of Nifty 50 organizations through the April-June quarter. Foreign institutions have been net purchasers of 27 organizations or 54% of Nifty 50 stocks although domestic investors elevated stake in 25 out of the 50 firms. During the April-June quarter, the Nifty 50 index gained 6%, underperforming the broader Nifty 500 index. However, on a year-to-date basis, the Nifty 50 has surged 13% so far.
FII and DII trades on Nifty 50
Foreign investors elevated their stake in 54% of Nifty 50 organizations through the preceding quarter although domestic institutions hiked stake in 50% of the constituents. Tata Steel, Tata Motors, Cipla, NTPC, M&M, Axis Bank, and IndusInd Bank have been the best stocks to see an enhance of more than 1% in FII holdings through the April-June quarter whereas, SBI Life Insurance, Hero MotoCorp, Adani Ports, Tech Mahindra, BPCL, Kotak Mahindra Bank, and ITC have been the best stocks to see a decline.
Domestic investors’ holdings in Nifty stocks elevated the highest in SBI Life Insurance, Tech Mahindra, Hero MotoCorp, Tata Consumer, and Kotak Mahindra Bank. Meanwhile, Tata Steel, Titan Company, M&M, Infosys, and NTPC recorded declines in DII holdings.
FII and DII overweight compared to Nifty 50
Foreign Institutions are overweight in Eicher Motors, Mahindra & Mahindra, Maruti Suzuki, Axis Bank, HDFC Bank, IndusInd Bank, ICICI Bank, Kotak Mahindra Bank, HDFC, Reliance Industries, and TCS when compares to the benchmark index. Foreign investors have elevated their holding in Nifty 50 organizations more than the last one year by 1.3%.
“In terms of absolute holdings, of the total FII holdings of $631 billion, Private Banks’ stake stands at the top with $141 billion in investment value,” the report mentioned. The Top 5 organizations that contribute 35% to the holding worth are HDFC Bank ($56.8 billion), Reliance Industries ($51.7 billion), HDFC ($43.7 billion), ICICI Bank ($35.1 billion), and Infosys ($30.8 billion).
Domestic Institutional investors on the other hand, are overweight in M&M, Maruti Suzuki India, ICICI Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, ITC, Divi’s Laboratories, Sun Pharma, Adani Ports, Tata Steel, BPCL, India Oil, Bharti Airtel, Coal India, and NTPC.
For DIIs, the best 5 stocks by holding worth are Reliance Industries ($24.5 billion), Infosys ($20.1 billion), HDFC Bank ($19.7 billion), ICICI Bank ($19.5 billion), and ITC ($14.3 billion).