New Delhi, July 21 -- India's largecap space is beginning to show some spring in its step. After a cautious start to FY26, the June quarter brought with it renewed signs of institutional interest, particularly from foreign investors.

In a broad-based rally that has included banks, infrastructure and industrial names, a select set of largecaps is seeing a clear shift in ownership patterns.

FII shareholding in several stocks has moved up sharply, reversing the risk-off tone seen in previous quarters. This comes at a time when India's macro story remains stable, earnings momentum is holding up, and global funds are recalibrating their EM exposure amid weakening signals from China and steady US interest rates.

From capital goods to clean e...