ET Markets
12,125.8570.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

FIIs hold on BSE500 companies weakens in Q1

At the end of the quarter, the central government’s holding was close to 16.4 per cent compared with 14.6 per cent at the end of March.

, ET Bureau|
Last Updated: Aug 15, 2014, 04.00 AM IST|Original: Aug 15, 2014, 04.00 AM IST
0Comments
At the end of the quarter, the central government’s holding was close to 16.4 per cent compared with 14.6 per cent at the end of March.
At the end of the quarter, the central government’s holding was close to 16.4 per cent compared with 14.6 per cent at the end of March.
MUMBAI: The share of foreign institutional investors in the market capitalisation of BSE500 has dropped to 19.56 per cent at the end of June from 19.81 per cent three months earlier despite these funds pumping in $5.8 billion into Indian equities during the quarter, indicating underperformance of the FII group. This was primarily because of FIIs’ underweight stance on outperforming sectors — state-run banks, utilities, industrials and metals — prior to the quarter, said a Credit Suisse report.

FIIs hold on BSE500 companies weakens in Q1Since then, FIIs have turned bullish on these stocks, participating in the euphoria around the government change in New Delhi. According to the report, FIIs have bought state-run and private banks, real estate, power utilities, healthcare and telecom and have now gone underweight on consumer staples. The strong performance of public sector companies over the past few months has helped improve the share of government in the BSE500 market capitalisation.

At the end of the quarter, the central government’s holding was close to 16.4 per cent compared with 14.6 per cent at the end of March.

Also Read

India too old-fashioned in the EM story for FIIs: Mark Matthews

Mutual funds, FIIs cut holdings in this multibagger in Q3

India sees highest FII inflows in Asia since 2014

Here’s what will decide if FIIs will stay put in Indian equities in 2020

Beware! Dalal Street is climbing a wall of worry; FIIs, DIIs diverging

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service