FPI Nifty ownership lowest since June 2015

In quarter-on-quarter terms, the ownership has witnessed a 70 basis point fall during Q3FY16

The shareholding of foreign portfolio investors (FPIs) in Nifty companies fell to 29.1 per cent during quarter ending December 2016 — the lowest since June 2015.

In quarter-on-quarter (q-o-q) terms, the ownership has witnessed a 70 basis point fall during Q3FY16 as overseas funds sold some of the frontline stocks that were likely to be impacted by demonetisation drive.

According to a report compiled by ICICI Securities, Consumer staples, auto and information technology were among the sectors that witnessed a high selling by FPIs. On the other hand, energy sector was the only one to have witnessed some selling interest