Reuters Market Eye - Foreign investors have been broad buyers of Indian shares in the October-December quarter, with increases in foreign institutional investments (FIIs) in about 75 percent of the BSE 200 companies, according to a report by HSBC on Thursday.
That meant all sectors, except healthcare and staples, saw an increase in FII ownership. Information technology, consumer discretionary and utilities saw the highest net buying by FIIs, HSBC said.
Interestingly, overseas investors appear underweight in IT - the one sector that had attracted much FII flows - only because the sector weightage was increased by 10 percent in absolute weight terms in the MSCI India index.
FIIs also increased stakes in 26 industrial companies during the quarter, signalling some rotation towards domestically oriented sectors.
Power Grid Corp of India
The biggest FII selling was in Hexaware Technologies
(Reporting by Abhishek Vishnoi)
