Foreign investors broad buyers of Indian shares: HSBC

Tags: News
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, Tech Mahindra, UPL, Housing Development & Infrastructure, Yes Bank are the stocks that saw the biggest increase in FII ownership.

The biggest FII selling was in Hexaware Technologies, Multi Commodity Exchange of India, Strides Arcolab, Apollo Tyres and Unitech.

EDITORIAL OF THE DAY

  • Common test will safeguard sanctity and bring accountability to medical profession

    Recalling its order of 2013, the Supreme Court paved the way for the all-India common entrance test, the national eligibility-cum-entrance test (NEET)

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

High CEO pay and the gaps it leaves

Unlike the UK, Norway took a remarkable decision with its ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture