New Delhi, May 13: In a research report, Bank of America Merrill Lynch said foreign institutional investors' (FIIs) ownership of India's main BSE Sensex index stocks touched its highest in eight years as of the January-March quarter.
During the said quarter, FIIs emerged as the net buyers of Indian equities, while domestic mutual fund companies and state-owned insurer LIC were sellers, it said. Key stocks bought by FIIs during the quarter were NTPC Ltd , Axis Bank Ltd, Infosys Ltd, Tata Consultancy Services Ltd and ITC Ltd, BofA-Merrill said.
