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Our Bureau

Mumbai, July 15 Even though the foreign institutional investors’ remained net sellers in July so far, they have been picking select stocks during the turbulent times. FIIs have bought more than five-crore shares of various companies across sectors in the last 15 days, according to the insider trader information on the BSE Web site. They sold close to two-crore shares during the same period.

Insider trading refers to the act of buying or selling of securities by an insider. By virtue of being an insider, a person may have access to some confidential, price sensitive information not disclosed to the media or public. Usually company directors, officials or entities who buy or sell a certain stake in a company are considered as “insiders”.

The stocks which FII bought include Pritish Nandy Communications, Man Industries, HCL Technologies and Geometric. In July, Fidelity Investments sold a little more than one-crore shares of various stocks, according to the insider trading data on the BSE. The other foreign institutions that find on the seller side include Morgan Stanley (Mauritius), Goldman Sachs Investment (Mauritius) and Franklin Templeton.

Goldman Sachs Investment bought more than one-lakh shares of Pritish Nandy Communications and sold almost four thousand shares of the company on the same day. Morgan Stanley (Mauritius) sold seven-lakh shares of Reliance Capital at the beginning of the month and also more than 25-lakh shares of Jain Irrigation. Franklin Templeton sold 10-lakh shares in Simplex Infrastructure.

Matterhorn Ventures was the biggest buyer during the month and the others who also made heavy purchases include HSBC Global Investments, Oppenheimer Funds and CLSA (Mauritius).

JPA Holding has bought more than 20,000 shares of Man Industries. According to the data available on the BSE, HSBC Global Investment has bought 50.15-lakh shares in HCL Technologies and Matterhorn Ventures has bought 1.1-crore shares of Geometric Ltd.

According to the data available on the SEBI Web site, FIIs have been net sellers by 1,880.7 crore during this period and the benchmark index, the Sensex has fallen 2.2 per cent. While during the first 15 days of last month FIIs were net sellers to the tune of Rs 6,515 crore.

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