<p>Out of 30-Sensex firms, 19 have witnessed decline in their respective Foreign Institutional Investors (FIIs) holding, while in the remaining 11 stocks, foreign fund house have consolidated their stakes during the July-September quarter of current fiscal compared to preceding (April-June) quarter, according to BSE data.<br /><br />FIIs have increased their stakes marginally in 16 Sensex firms during June quarter this fiscal and reduced exposure in the remaining 14 companies.<br /><br />Market analysts attributed the decline in FII holding to challenging macro economic conditions and weakening rupee. Interestingly, metal companies such as Hindalco Industries, Tata Steel and Jindal Steel & Power Ltd (JSPL), country's largest lender State Bank of India (SBI) and drug firm Cipla have witnessed maximum reduction in their FII holdings.<br /><br />In contrast, FIIs increased their holding in auto stocks such as Mahindra & Mahindra, Maruti Suzuki, Hero MotorCorp and Bajaj Auto. However, Tata Motors was an exception to this category.<br /><br />The FII holding in Hindalco Industries fell from 30.83 per cent to 28.24 per cent at the end of the July-September quarter and during the same period, FII shareholding in Tata Steel declined from 17.06 per cent to 14.61 per cent.<br /></p>
<p>Out of 30-Sensex firms, 19 have witnessed decline in their respective Foreign Institutional Investors (FIIs) holding, while in the remaining 11 stocks, foreign fund house have consolidated their stakes during the July-September quarter of current fiscal compared to preceding (April-June) quarter, according to BSE data.<br /><br />FIIs have increased their stakes marginally in 16 Sensex firms during June quarter this fiscal and reduced exposure in the remaining 14 companies.<br /><br />Market analysts attributed the decline in FII holding to challenging macro economic conditions and weakening rupee. Interestingly, metal companies such as Hindalco Industries, Tata Steel and Jindal Steel & Power Ltd (JSPL), country's largest lender State Bank of India (SBI) and drug firm Cipla have witnessed maximum reduction in their FII holdings.<br /><br />In contrast, FIIs increased their holding in auto stocks such as Mahindra & Mahindra, Maruti Suzuki, Hero MotorCorp and Bajaj Auto. However, Tata Motors was an exception to this category.<br /><br />The FII holding in Hindalco Industries fell from 30.83 per cent to 28.24 per cent at the end of the July-September quarter and during the same period, FII shareholding in Tata Steel declined from 17.06 per cent to 14.61 per cent.<br /></p>