Foreign Institutional Investors (FIIs) have marginally increased their stake in Sensex companies during the March quarter. The average holding now stands around 14.3% as against 13.9% at the end of December quarter.
A study on shareholding pattern of 28 Sensex companies, so far declared their ownership details, refveal that the FIIs have hiked their stake in 14 firms and cut their exposures from 14 companies during the March 2010 quarter, compared to the December 2009 quarter.
FIIs bought 277 million equity shares of 14 companies and sold 78 million shares of the remaining firms during March 2010 quarter. ITC and TCS have not declares their shareholding patterns so far.
FIIs had made net investments of Rs 5,604 crore between January and March 2010, according to data released by the stock exchanges on their websites. The Bombay Stock Exchange (BSE), Sensex has gained by less than 1% or 63 points during the quarter and closed at 17,528 on March 31, 2010.
FIIs have reduced their stake in heavyweights such as Infosys Technologies, Larsen & Toubro, HDFC, HDFC Bank and SBI, while accumulated the equity shares of Reliance Industries, ICICI Bank, Hindalco, Tata Steel and Bharti Airtel during the quarter.
The Aditya Birla Group Company, Hindalco saw the highest increase of about 5% to 29% in foreig
