Jan 29, 2013 02:25 PM IST | Source: Reuters

FIIs holding 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.

FIIs holding 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.

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"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, Indusind Bank, Housing Development Finance Corp , Mahindra and Mahindra Financial Services, Mahindra and Mahindra, 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 .

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