10 stocks you may invest in

Foreign investors are back with a bang on the bourses as concerns about the course of interest rates and oil prices have receded somewhat. In the current quarter till date, FIIs have made net purchases of Rs 4,300 crore (Rs 43 billion) in the cash market.
        Even in among emerging markets, India has attracted maximum interest. This is a marked shift from the June quarter, when FIIs were net sellers in the cash market to the tune of Rs 6,291 crore (Rs 62.91 billion). Ironically, an analysis of the FII holdings for the June quarter - based on the data available so far - reveals that they have been buying more than selling.
        Of the 449 stocks in which they had more than one per cent stake at the end of the June quarter, FIIs cut their positions in 198 stocks, maintained their holdings in 28 stocks and hiked their stakes in 223 stocks. Besides, there are three key findings:
    FII purchases don't matter much: When sentiment is bearish, all stocks go down. It does not matter whether somebody is buying, at all, or not. May be because the purchases are too few in numbers to counter the general pessimism that nags the market. So, even those stocks in which FIIs had hiked their stakes saw their prices decline 14.35 per cent, on an average.
           However, stocks where FIIs reduced their stakes recorded a sharper fall of around 19.76 per cent. It may be worthwhile to mention here that in some stocks the stakes have gone up on the back of conversion of warrants and, hence, this might not have had a direct impact on the stock prices unlike secondary market purchases.
        One decisive factor behind FIIs reducing their exposure to some stocks was high valuations. Since FIIs have been early entrants in the rally this time around, they have also been booking profits more periodically. But after the recent fall, several stocks are looking attractive once again. To know the 10 stocks visit this link

Tags: stocks, foreign investors, FIIs, market shift, invest