On the other hand, LIC and domestic mutual funds were net sellers of equities during the quarter under review.
FIIs were bullish on sectors like software, financial, utilities, industrial, auto and energy among others.
Software saw the highest net buying by FIIs with buying into Tech Mahindra worth $451 million followed by Infosys ($372 million), HCL Tech ($257 million) and Wipro ($246 million).
"Software is largest underweight sector for the FIIs. Despite heavy buying, relative out performance of IT sector & addition of Tech Mahindra resulted in an increase in its underweight," the report noted.
Currently, FII holding in Sensex companies is at 8-year high. This is mainly due to consistent buying in index stocks especially, consumers, pharma and private banks.
