Foreign Investors Slash & Add Stakes in These Nifty Stocks in Q4; Bearish Sectors

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Foreign Investors Slash & Add Stakes in These Nifty Stocks in Q4; Bearish Sectors

By Malvika Gurung

Investing.com -- Foreign investors have continued their selling spree in the quarter ending March 2022, offloading Indian shares worth over Rs 1.1 lakh crore, while selling Rs 41,123 crore-worth equities in March alone.

FPIs have sold Rs 17,144 crore worth of shares in the domestic equity market in April, which is much lower than Rs 41,123 crore withdrawn from the market in March, stated depository data.

In the March ending quarter, FIIs trimmed their holdings in 36 stocks listed under the Nifty 50 index, while domestic investors raised their stakes in 72% of the Nifty-listed stocks.

FIIs have slashed their holdings in HDFC (NS: HDFC ) Life Insurance by over 4%, 3% in HDFC and 2.3% in Dr Reddy’s Laboratories (NS: REDY ) in the Jan-Mar quarter on a QoQ basis.

In stocks including HDFC Bank (NS: HDBK ), Maruti Suzuki (NS: MRTI ), Hindustan Unilever (NS: HLL ), M&M (NS: MAHM ), ICICI Bank (NS: ICBK ), IndusInd Bank (NS: INBK ), Wipro (NS: WIPR ), Ultratech Cement (NS: ULTC ), HCL Technologies (NS: HCLT ) and Tech Mahindra (NS: TEML ), foreign investors cut their stakes up to 2%.

Heavyweight stocks including Reliance Industries (NS: RELI ), SBI (NS: SBI ), TCS (NS: TCS ), SBI Life Insurance, L&T (NS: LART ), Axis Bank (NS: AXBK ), Britannia (NS: BRIT ), Nestle (NS: NEST ), Divi's Laboratories (NS: DIVI ) and Bajaj Finserv (NS: BJFS ), witnessed marginal stake trimming in the quarter.

FIIs increased their holding in stocks including Cipla (NS: CIPL ), ITC (NS: ITC ), Tata Steel (NS: TISC ), Hindalco (NS: HALC ), Sun Pharma (NS: SUN ), Power Grid (NS: PGRD ), ONGC (NS: ONGC ), UPL (NS: UPLL ), and BPCL by over 1% QoQ in the period.

The selling patterns of FIIs in Q4 FY22, indicate them to be bearish on domestic heavyweights from the IT, financials and auto sectors. Pharma, FMCG and industrial scrips also witnessed foreign sell-offs.

At the same time, domestic investors (DIIs) added shares in multiple stocks, with the most in Power Grid, raising their stake by 7.6%. Dr Reddy's Labs and HDFC witnessed DII stake appraisal of 2.6% and 2.4% respectively.

They also increased their holdings in IndusInd Bank (NS: INBK ), Kotak Mahindra Bank (NS: KTKM ), Tata Steel, ICICI Bank, HDFC Bank, Maruti Suzuki, UltraTech Cement , Kotak Mahindra Bank and Bajaj Finance (NS: BJFN ) by up to 2%.

Read Also: Domestic Investors Come to Rescue, Allay Foreign Outflows in Q4: Detailed Picture

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