Wipro to Divi’s Labs: FIIs are accumulating these 14 stocks; check full list

Foreign institutional investors (FIIs) have bought shares worth ₹22,336 crore in the Indian equity markets so far in the first quarter of current financial year, data compiled by National Securities Depository Limited (NSDL) showed. FIIs bought shares worth ₹4,223 crore in April and then followed it up with additional buying of ₹19,860 crore in May. However, so far in June FIIs have sold shares worth ₹1,747 crore.

FIIs renewed their buying interest towards Indian equities as India’s macro fundamentals continue to stand out in a world grappling with economic uncertainty. While developed markets like the US, EU, Japan, and China face headwinds ranging from sticky inflation to sluggish GDP growth, India remains one of the few major economies projected to grow above 6% in FY2, analysts said.

Factors such as resilient domestic consumption, robust GST collections, stable inflation within the RBI's comfort zone, and a continued push for infrastructure spending are adding to the bullish narrative, analysts added.

Here is the list of shares where FIIs have been consistently increasing their holdings:

Here is a list of nine other shares where FII holding has been rising consistently:

Adding to appeal of Indian shares is the relative strength of rupee, which has outperformed many emerging market currencies in recent months, reducing currency-related risks for foreign investors.