MARKET EYE-Foreign holdings of Indian stocks hit record high - Macquarie

Mon Jan 28, 2013 1:05pm IST

Related Topics

Stocks

   

* Foreign institutional investors' (FIIs) ownership of Indian
stocks as measured in the BSE 200 reached an all time
high as of December 2012, Macquarie says in a report.
* The October-December quarter saw broad-based buying from    
FIIs, with financials seeing the most buying, followed by
consumer discretionary, industrial and healthcare stocks,
according to the report dated on Friday.
* "Data suggests that investors are looking to go overweight and
buy cyclical sectors but have been choosy about stocks,"
Macquarie wrote.
* The Indian stocks that saw the most buying were Tech Mahindra
Ltd, Indusind Bank Ltd, Housing Development
Finance Corp Ltd, Mahindra and Mahindra Financial
Services Ltd, Mahindra and Mahindra Ltd,
according to Macquarie.
* By contrast the stocks that saw the biggest FII holding
reductions were Aditya Birla Nuvo Ltd, JSW Steel Ltd
, Cairn India Ltd, Shree Cement Ltd
, and Reliance Capital Ltd.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Republic Day

Reuters Showcase

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

Banking Revolution

Banking Revolution

India turns to corner shops, mobile phones for banking revolution.  Full Article 

Nuclear Group

Nuclear Group

China urges India to take steps to satisfy standards of NSG  Full Article 

Gold Market

Gold Market

Chinese gold demand holds up ahead of holiday, Indian buying weak  Full Article 

India-U.S. Relations

India-U.S. Relations

Column - U.S. and India should join to balance China's rise  Full Article 

Padma Bhushan

Padma Bhushan

India honours Bill Gates with civilian award  Full Article 

Fashionable Modi

Fashionable Modi

When Modi met Obama, his name was all over - his suit  Full Article 

New Greek PM

New Greek PM

Greek leftist Tsipras sworn in as PM to fight bailout terms  Full Article 

Australian Open

Australian Open

Venus fireworks illuminate Australia Day  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage