FII ownership of Sensex stocks at eight-year high: BofA-ML
The Foreign institutional investors' (FIIs) for the January-March quarter has touched a high. They were net buyers of Indian equities.
Foreign institutional investors' (FIIs) ownership of the BSE Sensex stocks touched its highest in eight years as of the January-March quarter, Bank of America Merrill Lynch said in a research report.
During the Jan-March quarter, FIIs were net buyers of Indian equities, while domestic mutual fund companies and state-owned insurer LIC were sellers, it said.Key stocks bought by FIIs during the quarter were NTPC Ltd , Axis Bank Ltd , Infosys Ltd , Tata Consultancy Services Ltd and ITC Ltd , BofA-Merrill said.GlaxoSmithKline Consumer Health Ltd , Hindalco Industries Ltd , Hero Motocorp Ltd , Coal India Ltd and Jindal Steel & Power were the key stocks sold by foreign investors in the three-month period.Read more: Cautious on emerging markets except India: UBSAccording to regulatory data, FIIs have been net buyers for 15 consecutive sessions, bringing their total investment for the year to USD 12.70 billion. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
