The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets
Rise in investor sentiment, return of risk appetite aid shares across the board
Foreign institutional investors (FIIs)' stake in Infosys is nearing historic highs. During the quarter ended September, they bought 6.38 million Infosys shares for Rs 2,236 crore, raising their stake 1.1 per cent, data show.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
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Inflows cross $10-billion mark for 3rd consecutive year.
Beat gains made by mid-cap, broader indices.
A delay in US Federal Reserve's quantitative easing tapering, coupled with better-than-expected September quarter earnings, ensured FIIs kept foreign money flowing into Indian equities.
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