Foreign institutional investors (FIIs) net investment in domestic equities stood over Rs 39,000 crore in the first half of the ongoing calendar year; they turned net sellers in the second half. FIIs sold shares worth Rs 23,308 crore during July 1 and December 21. As a result, the BSE Sensex which gained 2.21 per cent in the first half of 2015, slid 8.46 per cent in the second half till December 21.
FIIs net investment in equities stood at Rs 15,773 crore from January 1 till December 21. On the net outflow by FIIs in the second half, G Chokkalingam, founder, Equinomics Research and Advisory said, “Subdued results of June and September quarter forced FIIs to withdrew money from domestic equity markets. It was followed rate hike worries by the US Fed. I believe 2016 will be a strong year for Indian domestic markets in terms of foreign money inflows.”
In the past four consecutive quarters, there were 45 stocks in the BSE 500 index in which FIIs have increased their stakes. Out of these 45 stocks, 32 stocks gave positive return to investors on a year-todate basis till December 21. The BSE 500 index accounts over 90 per cent of the market capitalisation of BSE.
From the list, share price of Gayatri Projects climbed the most — 367 per cent to Rs 747.65 on December 21 from Rs 160.25 on January 1. FIIs holding in Gayatri Projects climbed from 29.99 per cent at the end of quarter September 2014 to 36.72 per cent in September 2015. Other gainers of this year in which FII increased their holdings in the past four successive quarters were Chennai Petroleum Corporation (up 187 per cent), Nilkamal (up 165 per cent), Welspun India (up 159 per cent) and KPR Mills (up 123 per cent).
On the other hand, IL&FS Transportation Networks (down 55 per cent), PTC India Financial Services (down 46 per cent), PTC India (down 32 per cent), Gujarat Fluorochemicals (down 26 per cent) and Gujarat Pipavav Port (down 25 per cent) were among top losers in 2015 in which FIIs raised their stakes in the past four quarters.
FIIs holding in IL&FS Transporation increased from 4.84 per cent in September 2014 to 7.81 per cent in September 2015. Similarly, their stake in PTC India Financial Services increased from 8 per cent to 10.98 per cent in the past quarters.
Vikram Dhawan, director, Equentis Capital, said, “2015 may be remembered as the year of political volatility where even a Municipal election had a bearing on the markets. Never in the history of Indian equity markets, has politics induced so much market volatility.”
Here is a list of top 20 stocks in FIIs raised their stakes in the past consecutive quarters: