I.T. is yet selling like "Hot Cake", buyer FIIs is obsessed with this sector

http://quantspartner.com/FII_Shareholding_Dec_13.aspx

1.       I.T. is yet selling like “Hot Cake”, buyer FIIs is obsessed with this sector. (do check last quarter analysis)

Bought: Tech Mahindra, Infosys, HCL Tech, Wipro and TCS. (arranged in order of additional amount invested in stocks).

2.       Eye-opening buying of approx. Rs 2500 crore in L&T by FIIs. Similar amount of Rs 2500 crores invested in Tata Motors and Rs 1200 crores in Tata Steel.

3.       Other big ticket buying was in HDFC Bank Rs 2200 crores and in HDFC they invested Rs 1500 crores.

4.       FII bought $7bn in Dec-13 quarter (as per SEBI data). As per our estimate, of which more than $4bn came in Nifty 50 stocks.

5.       Sectorwise I.T. received maximum investment of $1.8 bn (Rs 10,800 crores).

6.       Other sectors which received major investment are :

Auto $750 mn, Oil &Gas $600 mn, Banks $575 mn , Eng. & Cap. Goods $500 mn, Metals $500 mn, NBFC $400 mn and Telecom $175 mn.

7.       FII slightly reduced from FMCG. Many experts believe that, as the Bull market begins, FIIs don’t pay much attention to FMCG sector.

(Can anyone testify this further ????).

8.       Though, as such there is no sector from which FII reduced heavily, but Alcohol is one of the small sector from which they withdrew $120 mn.

9.       In the case of Eng & Capital goods sector, buying was only in one particular stock, that is L&T.

In coming quarters, will they buying in other midsized companies as well ???or there are no other capital goods stock worth buying ???

10.   Other noteworthy stocks where FII invested good chunk are Idea and Zee Entertainment.

11.   After analyzing the tables showing investment and stock returns, we once again conclude that, FII’s mood dominates the Indian equity market’s direction.

(Can anyone suggest what would be their mood in coming few quarters ???)

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