Choosy FIIs increase stake in 18 Nifty firms to record high

A record net inflow in Indian equities in the financial year ending March 2013 helped foreign investors widen their grip on Indian equity

The stake of foreign institutional investors (FIIs) in 18 of the Nifty-50 companies has touched historic highs, according to the latest quarterly shareholding information filed by these companies. This is as compared to a total of six companies where the stake was at a record high in the year-ago period. Besides, their stake in seven other companies was nearing record highs in the March quarter, the data suggest. Their holdings in six companies - HDFC Bank, Lupin, Mahindra and Mahindra (M&M), NTPC, Axis Bank and DLF - rose between one and six percentage points during the quarter. ...