Domestic MFs, institutions bought ICICI Bank the most in Q2FY18: Morgan Stanley
Of the top 20 stocks owned by foreign portfolio investors, HDFC Bank and ICICI Bank saw the most buying, while Infosys saw the most selling.
Ridham Desai of Morgan Stanley said Indian markets are becoming institutionalised, led by domestic investors.
In Q2FY18 so far, foreign portfolio investor equity ownership rose to record levels of 27.5 percent, up 59 bps QoQ. Domestic Mutual Funds' equity stake at 5.6 percent is at the highest level since December 2001.
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