Business Standard

FIIs raise Sensex exposure, buy shares worth $5 bn

Data shows that only five out of 30 Sensex companies have witnessed a decline in their FII holding since Jan 2012

Press Trust of India  |  New Delhi 

Enamoured by the large blue-chip stocks of Indian market, the foreign institutional investors (FIIs) have raised their exposure to five out of every six companies with purchase of shares worth an estimated $5 billion so far in 2012.

Even as the concerns are being raised about some changes in India's policy concerning overseas investors, the market data suggests a rather bullish stance adopted by the FIIs in their stock market dealings this year.

Most of the foreign entities sell or purchase Indian stocks through route and the data shows that only five out of 30 companies have witnessed a decline in their holding since January 2012— that too of a modest level.

On the other hand, the holding has increased in 24 companies during this period, while comparable data is not available for one entity, HDFC Bank.



Together, the FIIs are estimated to have purchased shares worth about Rs 27,000 crore (over $5 billion) in these 24 companies, while they sold shares worth about Rs 1,300 crore in the five other stocks so far this year.

Interestingly, FIIs have infused a net amount of about Rs 44,000 crore so far in the entire Indian stock market and more than half of this inflow has gone to the companies.

The comprises of 30 top stocks and is considered a barometer index of the Indian market. The average holding in these companies is about 20%. The total holding in companies is estimated at over $100 billion.

As per the latest shareholding pattern data of companies, the FIIs raised their stake in HDFC, ITC, Reliance Industries, Infosys, ICICI Bank, Larsen & Toubro, SBI, TCS and Tata Motors, among others, during January-March 2012 quarter.

Besides, they also raised their holdings in Hindustan Unilever, Tata Steel, Wipro, BHEL, Cipla, M&M, NTPC, Sun Pharma, Bajaj Auto, Jindal Steel, Maruti Suzuki, Tata Power, and Sterlite Industries during this period.

So far in April also, the FIIs are not said to have indulged into any major sell-off in most of these stocks.

On the other hand, the five companies where holding fell during the January-March 2012 quarter included Bharti Airtel, Coal India, Hero Motocorp, GAIL India and DLF.

The higher exposure to the stocks in first quarter of 2012 coincided with a smart rally in the market, as gained about 2,000 points or over 12% in this period.

The previous year was not so good for Indian markets, as plunged by about one-fourth and FIIs recorded a net outflow of about Rs 2,700 crore from Indian equities in 2011.

During January-March 2012 quarter, the largest increase in holding was recorded by housing loan major HDFC.

The stake in HDFC rose from 59.01% to 65.81% in the first three months of this year, while Tata Motors, ITC, ICICI Bank, Infosys, L&T, Tata Steel, Maruti, and also saw significant surge in holdings.

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FIIs raise Sensex exposure, buy shares worth $5 bn

Data shows that only five out of 30 Sensex companies have witnessed a decline in their FII holding since Jan 2012

Even as the concerns are being raised about some changes in India's policy concerning overseas investors, the market data suggests a rather bullish stance adopted by the FIIs in their stock market dealings this year.

Enamoured by the large blue-chip stocks of Indian market, the foreign institutional investors (FIIs) have raised their exposure to five out of every six companies with purchase of shares worth an estimated $5 billion so far in 2012.

Even as the concerns are being raised about some changes in India's policy concerning overseas investors, the market data suggests a rather bullish stance adopted by the FIIs in their stock market dealings this year.

Most of the foreign entities sell or purchase Indian stocks through route and the data shows that only five out of 30 companies have witnessed a decline in their holding since January 2012— that too of a modest level.

On the other hand, the holding has increased in 24 companies during this period, while comparable data is not available for one entity, HDFC Bank.

Together, the FIIs are estimated to have purchased shares worth about Rs 27,000 crore (over $5 billion) in these 24 companies, while they sold shares worth about Rs 1,300 crore in the five other stocks so far this year.

Interestingly, FIIs have infused a net amount of about Rs 44,000 crore so far in the entire Indian stock market and more than half of this inflow has gone to the companies.

The comprises of 30 top stocks and is considered a barometer index of the Indian market. The average holding in these companies is about 20%. The total holding in companies is estimated at over $100 billion.

As per the latest shareholding pattern data of companies, the FIIs raised their stake in HDFC, ITC, Reliance Industries, Infosys, ICICI Bank, Larsen & Toubro, SBI, TCS and Tata Motors, among others, during January-March 2012 quarter.

Besides, they also raised their holdings in Hindustan Unilever, Tata Steel, Wipro, BHEL, Cipla, M&M, NTPC, Sun Pharma, Bajaj Auto, Jindal Steel, Maruti Suzuki, Tata Power, and Sterlite Industries during this period.

So far in April also, the FIIs are not said to have indulged into any major sell-off in most of these stocks.

On the other hand, the five companies where holding fell during the January-March 2012 quarter included Bharti Airtel, Coal India, Hero Motocorp, GAIL India and DLF.

The higher exposure to the stocks in first quarter of 2012 coincided with a smart rally in the market, as gained about 2,000 points or over 12% in this period.

The previous year was not so good for Indian markets, as plunged by about one-fourth and FIIs recorded a net outflow of about Rs 2,700 crore from Indian equities in 2011.

During January-March 2012 quarter, the largest increase in holding was recorded by housing loan major HDFC.

The stake in HDFC rose from 59.01% to 65.81% in the first three months of this year, while Tata Motors, ITC, ICICI Bank, Infosys, L&T, Tata Steel, Maruti, and also saw significant surge in holdings.

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Business Standard
177 22

FIIs raise Sensex exposure, buy shares worth $5 bn

Data shows that only five out of 30 Sensex companies have witnessed a decline in their FII holding since Jan 2012

Enamoured by the large blue-chip stocks of Indian market, the foreign institutional investors (FIIs) have raised their exposure to five out of every six companies with purchase of shares worth an estimated $5 billion so far in 2012.

Even as the concerns are being raised about some changes in India's policy concerning overseas investors, the market data suggests a rather bullish stance adopted by the FIIs in their stock market dealings this year.

Most of the foreign entities sell or purchase Indian stocks through route and the data shows that only five out of 30 companies have witnessed a decline in their holding since January 2012— that too of a modest level.

On the other hand, the holding has increased in 24 companies during this period, while comparable data is not available for one entity, HDFC Bank.

Together, the FIIs are estimated to have purchased shares worth about Rs 27,000 crore (over $5 billion) in these 24 companies, while they sold shares worth about Rs 1,300 crore in the five other stocks so far this year.

Interestingly, FIIs have infused a net amount of about Rs 44,000 crore so far in the entire Indian stock market and more than half of this inflow has gone to the companies.

The comprises of 30 top stocks and is considered a barometer index of the Indian market. The average holding in these companies is about 20%. The total holding in companies is estimated at over $100 billion.

As per the latest shareholding pattern data of companies, the FIIs raised their stake in HDFC, ITC, Reliance Industries, Infosys, ICICI Bank, Larsen & Toubro, SBI, TCS and Tata Motors, among others, during January-March 2012 quarter.

Besides, they also raised their holdings in Hindustan Unilever, Tata Steel, Wipro, BHEL, Cipla, M&M, NTPC, Sun Pharma, Bajaj Auto, Jindal Steel, Maruti Suzuki, Tata Power, and Sterlite Industries during this period.

So far in April also, the FIIs are not said to have indulged into any major sell-off in most of these stocks.

On the other hand, the five companies where holding fell during the January-March 2012 quarter included Bharti Airtel, Coal India, Hero Motocorp, GAIL India and DLF.

The higher exposure to the stocks in first quarter of 2012 coincided with a smart rally in the market, as gained about 2,000 points or over 12% in this period.

The previous year was not so good for Indian markets, as plunged by about one-fourth and FIIs recorded a net outflow of about Rs 2,700 crore from Indian equities in 2011.

During January-March 2012 quarter, the largest increase in holding was recorded by housing loan major HDFC.

The stake in HDFC rose from 59.01% to 65.81% in the first three months of this year, while Tata Motors, ITC, ICICI Bank, Infosys, L&T, Tata Steel, Maruti, and also saw significant surge in holdings.

image
Business Standard
177 22

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