FIIs raise stake in two-thirds of Nifty 50 stocks in Jan-Mar; DIIs sell in 62% firms

The benchmark NSE Nifty 50 has recovered from current lows, virtually doubling since March 2020. Picture: Reuters

Overseas Institutional Traders (FIIs) had been internet patrons in Indian share market within the January-March quarter to the tune of $7.3 billion, elevating weights in two-thirds of the trade sectors, and rising stakes in a majority of Nifty 50 and Nifty 500 corporations. Home Institutional Traders, alternatively, had been internet sellers at $3.2 billion, slicing stakes in a majority of high 500 corporations on the NSE, in response to information by Motilal Oswal Financial Services. The benchmark NSE Nifty 50 has recovered from current lows, virtually doubling since March 2020. The Nifty Midcap 100 has gained over 123 per cent in the identical interval.

FIIs on a buying spree

FII holding within the Nifty 500 index was again at pre-COVID ranges within the fiscal fourth quarter January-March 2021. It was a marginal decline sequentially, however a 22.3 per cent improve on-year. Overseas buyers elevated possession in 64 per cent in Nifty 50 companies, and in 57 per cent of Nifty 500 corporations, sequentially in January-March. Within the Nifty 500 index, FIIs have the best possession in Non-public Banks adopted by NBFCs, Oil & Fuel, Insurance coverage and Actual Property.

DIIs promote

DII holdings within the Nifty 500 hit a seven-quarter low on the finish of the March 2021 quarter. Their stake was down 10bp sequentially and 50bp on-year to 14.2 per cent. DIIs trimmed stake in 62 per cent of Nifty 50 corporations, and in 56 per cent of Nifty 500 corporations. DIIs have the best possession in Capital Items, Non-public Banks, Metals, Client Durables and PSU Banks. Out of complete DII holdings of $378 billion within the Nifty 500, Non-public Banks are on the high, adopted by Know-how and Client.

Prime shares during which FIIs elevate holdings by 1% or extra

– Cipla
– Grasim Industries
– Hero MotoCorp
– Hindalco
– Power Grid Corporation of India
– SBI Life Insurance coverage
– Tata Steel
– UPL

FIIs elevate holdings in these sectors

– Telecom (+130bp)
– Metals (+100bp)
– Client Durables (+100bp)
– Actual Property (+80bp)
– Cement (+60bp)
– Chemical compounds (+60bp)
– Insurance coverage (+50bp)
– Healthcare (+40bp)

FIIs minimize holdings in these sectors

– NBFCs (-40bp)
– Auto (-30bp)
– Client (20bp)
– Know-how (10bp)

Prime shares during which DIIs elevate holdings by 1% or extra

– Bajaj Auto
– BPCL
– IndusInd Bank
– SBI Life Insurance coverage

DIIs improve stake these sectors

– Client (+30bp)
– Healthcare (+20bp)
– PSU Banks (+20bp)

DIIs minimize stake in these sectors

– Utilities sector (-120 bp)
– Capital Items (-90 bp)
– Capital Items (-50 bp)
– Telecom (-50 bp)