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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must issue strict guidelines on research reports and stock tips by brokers

    After prescribing a corporate governance code for companies, capital market regulator, Securities and Exchange Board of India (Sebi) is drafting prude

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Myanmar must realise its importance

Myanmar is not just one of the neighbours of India. ...

Rajgopal Nidamboor

Of life, harmony and divine insight

We are all endowed with energy — something we don’t ...

Gautam Gupta

Moral policing is the need of the hour

Recently, when Deepika Padukone raised her voice against an objectionable ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture