FIIs hike stake in 21 Sensex companies in Dec quarter

Mirroring their positive stance on Indian stocks, foreign funds increased their exposure in 21 Sensex firms, including TCS, Infosys, RIL and HDFC Bank, in the quarter ended December 2013.

Foreign Institutional Investors (FIIs), a major driver of the Indian stock markets, have increased their shareholding in 21 companies of 30-Sensex constituents in the October-December quarter, according to the shareholding pattern of the blue-chip companies.

Firms that saw rise in FII holding include Bajaj Auto, BHEL, ONGC, GAIL, Tata Power, Sesa Sterlite, Hero Motocorp, Tata Motors, Maruti, Hindalco, ICICI Bank, HDFC, Wipro, Dr Reddy's and M&M.

Foreign funds, however, reduced their stake in HUL, ITC, Coal India, SBI, NTPC, Bharti Airtel and Axis Bank during the same period.

However, the latest shareholding pattern of two Sensex firms -- Cipla and Sun Pharmaceutical Industries -- were not available as yet.

"During December quarter last year, markets were bullish and investor sentiment was also optimistic. The overall momentum was strong for the Indian equities. Global markets were also supportive and this was the time when markets scaled their all-time peak in December. All this factors led to FIIs buying blue-chips," said Paras Bothra, Research Head, Ashika Stock Brokers.

The largest rise in FII ownership was recorded in Larsen & Toubro, followed by Tata Steel. Overseas investors raised their stake in L&T by 2.6 percentage points to 17.85% at the end of December quarter, while in Tata Steel it went up by 2.54 percentage points to 16.1%.

On the other hand, the maximum decline in FII stake was witnessed in FMCG major HUL. FIIs pared their stake in HUL by 0.5 percentage points to 14.83%.

During the quarter, FIIs invested over Rs 35,600 crore in equities pushing the BSE Sensex upwards by 8.5%.

The Sensex touched its all-time high of 21,483.74 on December 9, 2013.

Overseas investors contributed to a net inflow of over Rs 1.13 lakh crore in the Indian equity market last year.


  • Centre and states must cooperate to get the economy moving

    Mirroring the previous three quarters, another round of tepid corporate earnings announcements are expected in a few days from now.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Nigavekar

Ranking of higher education institutions

Given the massive popularity and growing influence of world university ...

Rajgopal Nidamboor

The pursuit of serene stillness

It may sound strange — that every change in the ...

Dharmendra Khandal

How positive intervention can go a long way

Ten years ago, Sariska tiger reserve declared that there were ...


William D. Green

Chairman & CEO, Accenture