Trendlyne Analysis

In July 2021, foreign institutional investors (or FIIs) sold Rs 11,000 crore worth of Indian equities. Then, in August and September, FIIs purchased Indian equities of over Rs 15,000 crore.

One of the preferred sectors of FIIs was banks and non-banking financial service companies (NBFCs). In this sector, three companies, Canara Bank, Ujjivan Financial Services, and Aavas Financiers saw a significant QoQ increase in FII holding in Q2FY22. The Abu Dhabi Investment Authority, the Government of Singapore, and the Monetary Authority of Singapore purchased nearly 20 lakh shares of Aavas Financiers in the quarter. 

FIIs also increased their stake in specialty chemical maker Balaji Amines, iron ore producer NMDC, and active pharmaceutical ingredient maker Granules India in the quarter.