Jan 29, 2013, 02.25 PM IST
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
By contrast the stocks that saw the biggest FII holding reductions were Aditya Birla Nuvo Ltd
Markets face resistance; Nifty likely to correct soon
After expansion comes contraction - this is the theme which the stock markets have begun to work on. This letter has been upbeat on the market. We still are, when it comes to the long term. The short term scenario may be different. For short term traders the strategy should be to take swing trades lasting one or two days, only on extremes.
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