FII ownership of Sensex stocks at 8-year high

Foreign institutional investors’ (FIIs) ownership of the BSE Sensex stocks touched its highest in eight years as of the January-March quarter, Bank of America Merrill Lynch said in a research report.

During the Jan-March quarter, FIIs were net buyers of Indian equities, while domestic mutual fund companies and state-owned insurer LIC were sellers, it said.

[caption id=“attachment_776633” align=“alignleft” width=“380”] FIIs have been net buyers for 15 consecutive sessions. AFP[/caption]

Key stocks bought by FIIs during the quarter were NTPC, Axis Bank , Infosys, Tata Consultancy Services and ITC , BofA-Merrill said.

GlaxoSmithKline Consumer Health , Hindalco Industries , Hero Motocorp , Coal India and Jindal Steel and Power were the key stocks sold by foreign investors in the three-month period.

According to regulatory data, FIIs have been net buyers for 15 consecutive sessions, bringing their total investment for the year to $12.70 billion.

Reuters