Deccan Chronicle

DIIs stake in Nifty 500 at 14.3% PALM OIL’S RISE TO HAVE WIDE IMPACT

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Mumbai, May 12: As foreign portfolio investors (FPIs) have increased their holding in the domestic stocks, domestic institutio­nal investors (DIIs) have been net sellers, and their stake in

Nifty-500 stocks declined to a seven-quarter low of

14.3 per cent in the march

2021 quarter, shows a brokerage analysis.

On an annualised basis, the overall FPI ownership in Nifty-500 stocks rose

160 bps to 22.3 per cent in the March quarter from

20.7 per cent in March

2020, while that of DIIs declined 50 bps to 14.2 per cent from 14.7 per cent in March 2020.

On a quarterly basis, the same FPIs saw a 20 bps decline from the December 2020 quarter, and DIIs witnessed decline by 10 bps, show data from domestic brokerage Motilal Oswal Financial Services.

In the March quarter, while foreign portfolio investors pumped $7.3 billion into domestic equities, domestic institutio­nal funds saw a net outflow of $3.2 billion. It indicates that vastly divergent sequential trends are seen between FPI and DII purchases of equities, it said.

While FPIs increased weights in two-thirds of the sectors (telecom, metals, consumer durables, realty, and cement), DIIs trimmed weights on these sectors in particular and the overall market in general between the December and March quarters.

The overall FPI ownership in Nifty-500 grew 160 bps year-on-year to 22.3 per cent while DII holdings were down 50 bps down year-on-year to 14.3 per cent,

May 12: The meteoric rise in palm oil prices to record levels is poised to inflate costs for everyone from restaurant­s to confection­ery and cosmetic manufactur­ers, and could potentiall­y change consumptio­n patterns.

The world’s most consumed edible oil is found in products as diverse as chocolate, pastries, soaps, lipstick and biofuel, and is widely used in Asian restaurant­s. The tropical oil has surged more than 120% in the past year and burst through 4,500 ringgit ($1,091) a tonne to a record on Wednesday.

“The rise in prices to alltime highs is bound to affect consumer habits,” said Gnanasekar Thiagaraja­n, head of trading and hedging strategies at Kaleesuwar­i Interconti­nental. “Consumptio­n is expected to go down, and if this uptrend in prices is maintained, there could be a shift in food habits that could altogether change food preference­s.”

The world’s top importer is India followed by China, and the largest producer and user is Indonesia. In Europe and the US, the oil faces headwinds over concerns that its cultivatio­n causes deforestat­ion.

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