FIIs gain Rs 53,676 crore in last 10 months

Foreign institutional investors (FIIs) holdings in the domestic equity markets has appreciated by a whopping Rs 53,676 crore in the last 10 months (between April 1, 2003 and January 20 this year).

In percentage terms, these holdings have vaulted 61.6 per cent on their total net investment of Rs 87,166 crore in the Indian markets in the last 10 years to Rs 1,40,842 crore on January 20.

Most of the windfall gains came from FIIs' holdings in Sensex stocks, which appreciated a staggering Rs 44,291 crore in these 10 months.

FIIs have invested Rs 68,873 crore in Sensex stocks, whose value has shot up to Rs 1,13,164 crore now, up 64.31 per cent in the last ten months.

FIIs investments in the non-Sensex stocks have gained 51.5 per cent in value to Rs 27,678 crore.

Interestingly, FIIs' fresh net investments of Rs 30,000 crore made in April-December 2003 have appreciated by almost 20 per cent (Rs 6,255 crore).

These institutions realised gains of over 100 per cent each in six Sensex stocks, while in 15 other stocks their investments appreciated between 50 and 100 per cent.

The appreciation was lowest in BSES at 25 per cent, HPCL and Infosys Technologies (30 per cent each), Wipro (32 per cent), Hindustan Lever (35 per cent) and MTNL (41 per cent).

Their biggest gain came from Grasim at 158 per cent, followed by Bharti at 139 per cent, Hero Honda and State Bank of India at 130 per cent each, BHEL (115 per cent) and Tata Motors at 113 per cent.

FIIs posted largest gains in absolute term in Reliance Industries. Their Rs 10,518 crore investment for a 22.10 per cent stake in RIL has appreciated by a whopping 68 per cent (Rs 7,146 crore).

FIIs holding in HDFC appreciated by Rs 4,200 crore, in ICICI Bank by Rs 4,048 crore, Infosys Technologies Rs 3,576 crore and SBI Rs 2,123 crore.

In public sector stocks, their investment in BHEL has gone up by Rs 1,446 crore, in HPCL by Rs 585 crore, in MTNL by Rs 413 crore and in ONGC by Rs 356 crore.