Fourth Quarter FIIs hike stake in 16 Sensex companies

Foreign funds have increased their exposure in 16 Sensex companies, including Infosys, RIL and HDFC, for the fourth quarter. FIIs however, reduced their stakes in 10 firms, including Tata motors, Tata Power, TCS,Coalindia and Hdfc Bank during th march quarter in comparison to the preceding quarter.

The latest shareholding pattern in three blue chip Sensex companies- Maruti,Cipla and SSLT were not available. The FII holding in FMCG major ITC remained unchaged at 19.26% for the march quarter.

Beside, the largest rise in FII ownership was seen in Axis Bank, followed by ICICI bank and HDFC overseas investors raised stake in Axis bank by 5.56% points at 48.74%, while in ICICI bank it went up by 1.46% points to 39.87%.

In HDFC, FIIs hiked shareholding by 1.46% points to 75.71%. On the other hand, FIIs reduced the shareholding in NTPC by 0.99% points to 9.33%, While in HDFC Bank by 0.84% points to 34.08%.

FIIs had invested about Rs 22000 crore in Indian stocks during January to march quarter. During this period, the benchmark Sensex rose 5.52% to 22339.97
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