FII ownership of NSE 500 stocks at 3-year low: BofA Securities

Given the multiple headwinds, BofA Securities expects markets to be sideways the near-term given inflation impacting volume growth and margins across several sectors

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National Stock Exchange

Puneet Wadhwa New Delhi
Foreign institutional investor’s (FII’s) ownership of NSE 500 stocks hit a three-year low of 19.5 per cent, suggested a note by BofA Securities. In terms of flows into Indian equities, March 2022, BofA Securities' note said, was the sixth consecutive month of FII outflows (-$5.4 billion, most severe since March 2020) on the back of continued geopolitical risks, sustained elevated inflation led by supply-side issues, rising commodity costs.

ALSO READ: FIIs may remain on sidelines for some time: Julius Baer's Ashish Gumashta

On a month-till date (MTD) basis, April 2022, however, saw the pace of outflow slow (-$1.2 billion), indicating potential stemming/reversal of FII outflows.

On a year-to-date (YTD) basis, calendar year 2022 outflows stood at $15.7

First Published: Apr 22 2022 | 12:04 PM IST

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