The banking sector continues to be among the top sectors where foreign institutional investors (FIIs) hold more equity than indicated by the Morgan Stanley Capital (MSCI) indexes.
A recent study by Merrill Lynch on stock ownership profile, as on September 30, shows that FIIs were mostly over-weight on the banking sector, and on ICICI Bank and State Bank of India, in particular.
While the information technology sector continues to be the next over-owned sector in spite of the increase in the sector
