January 28, 2013 / 7:38 AM / 5 years ago

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

* 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)

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