Nifty FII and DFI ownership improved over March quarter

The Nifty FII and DFI ownership has improved over the past quarter, according to a report by Nomura. FII holdings have increased to 24.7% for the March 2017 quarter compared with 24% in the past quarter, and increased from 24.5% a year ago. Domestic financial institution (DFI) holdings increased marginally to 11.9% against 11.8% in the past quarter and rose from 11.3% a year ago. Among the Nifty top-five stocks, FII holdings increased in the March 2017 quarter vs the December 2016 quarter for: Bharti Infra to 34.3% from 24.9%, Yes Bank to 46.7% from 42.0%, Kotak Mahindra Bank to 39.7% from 36.8%, Indiabulls House to 62.8% from 60.1%, and HDFC Bank to 34.4% from 32.0%. The top five stocks where FII holdings decreased were: Dr Reddy’s Labs to 32.4% from 36.3%, Aurobindo Pharma to 21% from 24.1%, ICICI Bank to 35.7% from 37.8%, Lupin to 31.9% from 33.3% and Hero MotoCorp to 42.7% from 44.1%.

The top five stocks in which DFI holdings increased in the March 2017 quarter vs the December 2016 quarter were: ITC to 26.6% from 24.4%, Dr Reddy’s Labs to 10.3% from 8%, ICICI Bank to 30.2% from 28.1%, Hindalco Inds to 17.7% from 15.8%, and Aurobindo Pharma to 12.4% from 10.7%. The top five stocks in which DFI holdings decreased were: Tech Mahindra to 12.7% from 14.76%, Axis Bank to 8.3% from 10.4%, Ambuja Cement to 8.7% from 10.6%, HDFC Bank to 10.5% from 12.05% and HDFC to 9.2% from 10.7%.

FII holdings increased to 14.1% in the March 2017 quarter compared with 13.9% in the past quarter, and decreased from 14.2% a year ago. DFI holdings increased to 8.1% from 7.9% in the past quarter and increased from 7.8% a year ago.

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Within the Nifty MIDCAP, the top-five stocks in which FII holdings increased in the March 2017 quarter compared with the December 2016 quarter were: Vakrangee to 22.4% from 16.9%, Adani Power to 22.1% from 17.3%, RECL to 21.3% from 17.6%, Apollo Hospitals to 46.9% from 43.2% and Bharat Electronics to 6.7% from 4.3%. The top five stocks in which FII holdings decreased were: Ramco Cement to 14.5% from 21.4%, Karur Vysya Bank to 20.1% from 24.4%, CEAT to 23.9% from 27.4%, Jubilant Life to 20.7% from 23.4% and Jindal Steel to 15.2% from 17.6%.