FIIs root for old economy

Losers

30-Jun

Change

Infosys Tech

39.61

-3.26

Gujarat Ambuja

29.97

-2.34

Satyam Comp

53.90

-2.16

Wipro

2.86

-0.94

ITC

16.90

-0.59

Gainers

30-Jun

Change

ICICI Bank

45.24

1.60

Tata Motors

22.01

0.94

Reliance Ind

22.40

0.85

ONGC

8.46

0.41

Bharti Tele

24.70

0.31

 Subsequently, their stakes in Infosys Technology declined from 42.87 per cent to 39.61 per cent, in Wipro from 3.81 per cent to 2.86 per cent and in Satyam Computer Services from 56.06 per cent to 53.90 per cent.  FIIs were back in action in Reliance Industries after the settlement between the two Ambani brothers.  They bought 11.8 million shares of Reliance Industries for Rs 800 crore, raising their holding in the company from 21.55 per cent in March to 22.4 per cent in June.  They also bought over 8.11 million shares of ICICI Bank for Rs 565 crore, jacking up their holding in the bank by 1.67 percentage points to 45.24 per cent.  In Oil and Natural Gas Corporation (ONGC), the FII holding increased from 8.05 per cent to 8.46 per cent,  Among index stocks, FIIs accumulated automobiles, banking, pharmaceuticals and telecom shares and offloaded cement, metal, shipping, technology and media shares during April-June quarter.