Foreign institutional investor (FII) ownership in Indian companies fell 10 basis points during the March quarter. However, in value terms, FII ownership in Indian stocks increased from Rs 18.3 lakh crore in December 2014 to Rs 19.3 lakh crore, the highest since Prime Database started collecting the data. The total value of Indian-listed companies also reached highest-ever level during the March quarter. In terms of sectors, FIIs have highest exposure to banking stocks, followed by information technology.
SOURCE - business-standard