Of the 25 Sensex companies that have disclosed their shareholding pattern, FIIs raised their stake in as many as 18. In the quarter, FIIs pumped in $6.5 billion in Indian equities even as their domestic counterparts sold equities worth $4.7 billion.
L&T saw the sharpest q-o-q rise in FII holding, at 2.6 percentage points, to 17.85% at the end of the quarter. But the scrip came under selling pressure from fund managers and retail investors. MF holding in L&T fell 0.62 percentage points to 15.12% while retail investors cut stake by 1.11 percentage points to 20.87%.
Hindustan Unilever saw a marginal drop in FII holding. At the end of the quarter, FIIs held 14.83% as against 15.33% in the previous quarter. The scrip lost 9.05% in the quarter as inflation sapped consumer demand.
Meanwhile, experts feel FII flows could moderate in 2014. With the Fed taper imminent, India could see a moderation in flows. This will particularly impact sectors or stocks where FII holdings are high, said Motilal Oswal in a recent report. In CY13, overseas investors pumped in $20 billion in Indian equities, even as domestic institutional investors (DIIs) net sold $12 billion worth of equities.