Foreign Portfolio Investors (FPIs) ownership in BSE 200 companies reached $311 billion in the three months to June, according to a report by Kotak Institutional Equities. During the March quarter, the figure stood at $291 billion.
During the June quarter the FPIs brought equity worth `14,700 crore, the report said. The FPI holdings in BSE 200 companies increased to 24.95% in June quarter from 24.5% in the previous quarter. FPI buying was seen in sectors such as automobiles, banking, and energy. Domestic Institutional Investors (DIIs) on the other hand increased their stake in pharmaceuticals sector and sold stocks in automobiles and cement sectors, the report added.
DII holdings in BSE-200 companies increased to 11.4% in the quarter ended June 2016 from 11.1% at the end of March quarter. FPIs were overweight banking and technology firms and underweight consumers and industrials.
Mutual Funds, on the other hand, were overweight on industrials and banking and underweight consumers and technology. Bharat Financial Inclusion, HDIL, and Castrol India saw the highest increase in stake by FPIs, whereas the maximum increase in stake by mutual funds was seen in Castrol India, Ipca Laboratories, and United Breweries. However, United Breweries saw highest decrease in stake by FPIs, the report said.
Banking Financial and Insurance players increased their stakes by the most in NHPC, Tata Communications, and Indraprastha Gas. J&K Bank, Ipca Laboratories and United Breweries saw the highest decrease in stake by FPIs in June quarter.