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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

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