Domestic investors increase QoQ holdings of Nifty50 stocks by 72% – banks and

Motilal Oswal, a brokerage firm, said in its report that domestic institutional investors (DIIs) have increased their holdings on a quarterly-after-quarter (QoQ) basis in 72 per cent of Nifty 50 packs.

DII holdings on Nifty stocks rose the most in Power Grid, with Dr Reddy’s Labs, HDFC, Tata Steel, HDFC Life Insurance, IndusInd Bank, HDFC Bank, Ultratech Cement, ICICI Bank, Kotak Mahindra Bank up 1 per cent and Bajaj 1 per cent. QoQ

Britannia, Hindalco, BPCL, and ITC were the top stocks that witnessed a 1 per cent QoQ decline in DII holdings.

Similarly, using the Nifty500 as a benchmark, DIIs weighed significantly on PSU banks, metals, capital goods, automobiles, consumers and telecoms, while they weighed less on technology, NBFCs and private banks, the report said.

Overall, the top 5 sectoral holdings of DII in Nifty-500 accounted for 64.4% of total allocations – BFSI (27.9%), technology (11.2%), oil and gas (10.4%), consumer (8.8%) and healthcare (6.1%). , Motilal Oswal mentioned.

On a QoQ basis, sector-wise, the share of DIIs Telecom (+130bp), private banks (+110bp), customers (+110bp), NBFCs (+90bp), consumer durables (+90bp), PSU banks (+) has increased the most. 80bp), healthcare (+ 80bp), insurance (+ 70bp), cement (+ 60bp), brokerage

It added that DII had reduced their participation in only one sector – Capital Goods (-20bp).

DII’s overall holdings in the Nifty-500 rose 70 bps QoQ and 30 bps YoY to 14.5 in the March quarter of the 2021-22 (Q4FY22) fiscal year, the report also noted.

The FII-DII ownership ratio in the Nifty-500 fell from 1.4x in 4QFY22 to 1.6x in 4QFY21, the report said.

Over the past year, the FII-DII ratio has grown in utilities, metals, consumer durables and capital goods, but insurance, real estate, NBFCs, private banks, retail, utomobiles, healthcare, cement, telecom and oil and gas.