Millennium Post

FIIs hike stake in July-Sept quarter

A revival in the Indian stock markets seems to have begun attracting overseas investors, as FIIs increased their stake in a majority of Sensex companies, including Infosys, HDFC and ICICI Bank, in the July-September quarter.

Most of the foreign entities trade in Indian stocks through FII [Foreign Institutional Investors] route and data show that 17 of the 30 Sensex companies witnessed an increase in their respective FII holdings during July-september quarter of the current fiscal.

Amongst the 19 Sensex firms that have disclosed their latest quarter shareholding pattern, FIIs have reduced their stake in only two companies – Coal India and Hero MotoCorp.

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