Check out top 10 stocks each where FPIs, MFs, BFIs, LIC raise stake in June quarter
The top stock, wherein all three type investors - FPIs, MFs, and BFIs, increased stake was Magma Fincorp
The June quarter was a mixed bag for the equity market as frontline indices rallied sharply while broader markets were under pressure. But overall quarterly earnings season was stable to better-than-expected that boosted investors sentiment in July and August and helped the market hit a fresh record high.
Bulls kept tight control on Dalal Street as the Sensex rallied 7.5 percent and the Nifty jumped 6 percent during the quarter ended June 2018, supported largely by domestic inflows when FIIs were net sellers in Indian equity market.
Foreign portfolio investors (FPIs) sold equities worth Rs 20,000 crore in the quarter ended June 2018. FPIs sold stocks in automobiles, consumer and energy sectors
mutual fund (MF) invested Rs 37,500 crore and they bought across all sectors. "MF holding in the BSE-200 Index increased to 6.4 percent in June quarter from 6.3 percent in March quarter.
Stock investments by Individuals during the June 2018 quarter
Individuals increased stake in PC Jeweller (from 3.4 percent in March quarter to 15.3 percent in June quarter), Vakrangee (from 10.4 percent to 15.2 percent) and Manpasand Beverages (from 2.9 percent to 7.4 percent) source- www.moneycontrol.com
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