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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.
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DIIs bought stocks in banks, consumer staples and IT services sectors and sold capital goods stocks.
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.
TCNS Clothing, Adani Enterprises and UPL saw a substantial sequential decline in FPI holdings as seen in the table below
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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