Foreign investors prefer Indian cyclicals, utilities: Macquarie

Tags: Stock Market
Macquarie says foreign ownership of BSE 200 index is steady at an all-time high of around 21 percent in June compared with May, with room to grow since unutilised portion is worth $152 billion for the index.

In April-June FIIs preferred cyclicals, while utilities gained 100 bp in overseas holdings and financials saw 85 bps decline, the brokerage adds.

Key stocks, according to Macquarie, where FIIs are still underweight (vs MSCI) but saw increase in weightage and ownership during the quarter were: Larsen and Toubro, State Bank of India, NTPC and Reliance Industries.

EDITORIAL OF THE DAY

  • Relations between US and India will depend on how Trump and Modi hit it off personally

    Donald Trump may have borrowed another popular tagline from India: Be Indian and buy Indian.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The cleansing & the yearning

As Twitter trolls went about their ugly business against Zaira ...

Kuruvilla Pandikattu

Bias and prejudice exist in science too

Religion has caused a lot of harm to humanity. ...

BK Chaturvedi

The politics of election

Elections in five states have been announced by the election ...