FIIs more bullish on Indian equities than DIIs
Former raise stake, and latter prune holding, in over half of top BSE 500 firms; analysts see foreign preference for safety in returns.
Despite uncertainties in the global markets, foreign institutional investors (FIIs) remained bullish on Indian companies during the quarter ended June 30. The market participants say FIIs are focusing on large companies with better fundamentals and visibility and not distributing their resources across the board. From the statistics compiled by the Business Standard Research Bureau, till date 343 of the top 500 companies (BSE 500) have declared their shareholding pattern for the June quarter. Of these, FIIs’ stake in 192 companies or around 56 per cent had increased in the June quarter compared with the March quarter. For more visit: Business Standard
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