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

  • Niti Aayog’s 15-year vision document proposes to tax agriculture income to expand tax base

    Narendra Modi government will do well to quickly end the policy maven flip-flop on the proposal to tax farm income ending decades of exemption enjoyed

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium : THE UGLY AND INCONVENIENT TRUTH

Same song, different verse. The time for polemics over how ...

Gautam Datt

Perils of toeing hardline

Around the same time when a beleaguered Jammu and Kashmir ...

Zehra Naqvi

How to lower your anxiety

Emotional states of a person have a direct connection with ...