FIIs' equity holdings in smallcap firms hit five-year high: Report

Foreign institutional investors (FIIs) raised their stakes in India's smallcap firms to their highest level in at least five years, Prime Database data showed. As per Moneycontrol, an analysis of 76 stocks of the Nifty SmallCap100 Index showed the stake of foreign institutional investors rising to 7.93% in the March quarter, the highest since the quarter ended June 2018.