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Equity stocks: What foreign investors bought and sold in September quarter

FPIs bought diversified financials, electric utilities and IT services stocks and sold capital goods and transportation stock.

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Sunainaa Chadha New Delhi
2 min read Last Updated : Nov 30 2023 | 8:06 AM IST
Foreign portfolio investors ( FPIs) bought about $2.4 billion worth of equities in the secondary market in the September quarter of the current fiscal, according to a study by Kotak Institutional. 

FPIs bought diversified financials, electric utilities and IT services stocks and sold capital goods and transportation stock. Domestic Institutional investors ( DIIs) on the other hand, outdid FPIs and bought around $5.1 billion of equities in the September quarter. 

DIIs bought stocks in banks, consumer staples and IT services sectors and sold capital goods stocks. 

Ownership patterns at the end of September 2023 and June 2023 quarters (%)

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FPI holding (including ADR and GDR) in the BSE-200 Index stood at 21.4 per cent in the September quarter while DII holding in the BSE-200 Index increased to 15.7 per cent in the September quarter from 15.5 per cent in the June quarter.

Companies in which FPIs, MFs, BFIs and retail investors have the highest stake


As seen in the above table, FPIs have highest stake in Max Healthcare, HDFC Bank, ICICI Bank and Shriram Finance
Mutual funds have the highest stake in CoForge, Kalpatru Projects, Gateway Distriparks, Federal Bank and Equitas Small Finance Bank 



Karur Vysya Bank, City Union Bank, Tata Elxsi, YES Bank, Larus Labs are among the companies with the highest percentage of retail holding.

Coforge, IDFC First Bank, Patanjali Foods, Five Star Business Finance, and Adani Power saw substantial increase in FPI holdings 

Stock ownership changes in the September 2023 quarter compared with June 2023 quarter, at quarterly average prices



Source: Prime Database, Bloomberg, BSE, NSE, Kotak Institutional Equities.

TCNS Clothing, Adani Enterprises and UPL saw a substantial sequential decline in FPI holdings as seen in the table below


Increase and decrease in MF holding in September 2023 quarter

Coforge, Sula Vineyards and Restaurant Brands Asia saw increase in MF holdings; Supreme Industries, LIC Housing Finance and Ashok Leyland saw decline in MF holdings

Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd

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Topics :India FPIFPI indian equitiesFPI inflowsFPI Mutual funds

First Published: Nov 30 2023 | 8:06 AM IST

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