New Delhi, Aug. 26 -- Foreign Portfolio Investors' (FPIs) ownership in Indian equities continued its downtrend in the June quarter, with their share in NSE-listed companies slipping 16 basis points (bps) sequentially to 17.3% - the lowest level in nearly 13.5 years, according to the August edition of NSE Market Pulse report. The decline reflects persistent volatility in foreign capital flows since March 2023, barring a couple of marginal upticks.

Despite the overall decline, FPIs showed a clear preference for large-cap names. Their ownership in Nifty 50 companies rose 21 bps quarter-on-quarter (QoQ) to a six-quarter high of 24.5%. Holdings in the Nifty 500 stayed largely steady at 18.5%, suggesting selective inflows into top-tier stocks ...