This article was first published 21 years ago

FIIs on buy binge

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October 20, 2004 10:15 IST

Foreign institutional investors have been net buyers in the last 16 trading days, investing Rs 2,558 crore (Rs 25.58 billion). In fact, FIIs have been net sellers on only three of the 35 trading days since August 30. On these three days, they sold Rs 341 crore (Rs 3.42 billion) worth of equities.

In the remaining 32 trading days, FIIs purchased equities worth Rs 4,612 crore (Rs 46.12 billion) on a net basis. Between January 1 and October 19, FII investment in the equity market touched Rs 23,824 crore (Rs 238.24 billion).

Thus, FIIs have been net buyers in all months this calendar year till now. In the 11 trading days in October, they bought Rs 1,792 crore (Rs 17.92 billion) of stocks.

According to the latest data, FIIs have increased their holding in Sensex stocks in the quarter ended September 2004. They bought 12.15 million shares of Reliance Industries, valued at Rs 663 crore (Rs 6.63 billion).

Among other purchases, FIIs picked up 10.26 million shares of Satyam Computer, 13.11 million shares of Tata Steel, 2.2 million shares of Infosys Technologies, 2.57 million shares of Larsen & Toubro, 3.27 million shares of BHEL and 2.42 million shares of ONGC.

FIIs hold 9.33 per cent shares of Power Trading Corporation and 4.83 per cent shares of UltraTech.

Their holding in Satyam Computer has inched up 3.23 percentage points to 54.04 per cent, by 2.37 percentage points in Tata Steel to 11.98 per cent, by 2.78 percentage points in Reliance Energy to 16.98 per cent and by 2.07 percentage points in Larsen & Toubro to 17.11 per cent.

FII holding in Divi's Lab, Essar Steel, Cranes Software and Sintex Industries is up more than 3 percentage points each.
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