The Economic Times’ tally showed more Indian large-cap stocks losing ground than gaining from the previous Diwali through the Oct. 23 close: 83 fell and 43 rose. The outlet reported a steepest loss of nearly 60% and a largest gain of 70%.
The National Stock Exchange of India (NSE) showed the Nifty 50 11.96% lower over one year as of Oct. 29, according to its index tracker.
NSE shareholding filings show foreign institutional investors held 39.39% of HDFC Bank at Sept. 30, down from 41.82% at June 30, a decline of 2.43 percentage points. The Economic Times also reported lower foreign institutional ownership at 53 companies with market capitalizations of at least ₹1 lakh crore in the September quarter.
