Ownership Navigator December 2010 quarter : Kotak Securities

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Strategy
KS-Ownership Navigator December 2010 quarter changes (qoq). The December
2010 quarter saw heavy buying of Rs275 bn by Foreign Institutional Investors (FIIs). FIIs
increased their exposure to Automobiles, Energy and Utilities but reduced their
positions in Banking. MFs sold Automobiles, Banking and Utilities and increased their
positions in Energy and Technology. LIC decreased its position in Banking and
Pharmaceuticals. FII holdings (including ADR and GDR) in BSE-200 companies increased
to US$253 bn (19.2%) as of December 31, 2010 from US$243 bn (18.5%) on
September 30, 2010.
FIIs invested Rs275 bn in the December 2010 quarter
􀁠 FIIs bought Automobiles, Energy and Utilities; sold Banking and Property
􀁠 Mutual Funds sold Automobiles, Banking and Utilities; bought Energy and Technology
􀁠 LIC bought Technology and Utilities; sold Banking and Pharmaceuticals

Key stock changes
􀁠 FIIs bought Power Grid, Reliance Industries and Tata Motors; sold BHEL and SBI
􀁠 MFs bought Infosys and Reliance Industries; sold Tata Motors and Zee Entertainment
􀁠 LIC bought BHEL, HDFC and Shipping Corp; sold ICICI Bank and Tata Motors