ICICI Bank, Bajaj Finance see highest FPI inflows in July-September

Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively

ICICI Bank and Bajaj Finance saw the highest foreign portfolio investor (FPIs) inflows, at Rs 64,991 crore and Rs 25,708, respectively, during the three-month period ended September this year. Conversely, Reliance Industries and Tata Consultancy Services saw the highest FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively, during this period.

On the whole, FPI inflows during the July-September quarter were at Rs 48,570 crore.

Evidently, the top five companies with the highest FPI inflows in absolute terms saw their stock prices move up sharply. Meanwhile, companies with the highest FPI outflows saw a correction in their stock prices.

For the most part, FPIs increased their shareholding in 764 National Stock Exchange-listed companies. These companies posted an average stock price gain of 19.5 per cent. About 552 companies witnessed a decline in FPI shareholding. These counters saw an average increase of 12 per cent in their stock price, according to an analysis by PRIME Infobase. 

During the July-September quarter, the benchmark Nifty rose 8 per cent, while the Nifty Midcap 100 and the Nifty Smallcap 100 gained 12 per cent and 16 per cent, respectively.