Holdings of high net-worth individuals (HNIs) in 479 companies in the Nifty 500 index climbed to at least a 10-quarter high in the April-June period.

Market data showed the ownership of HNIs in the companies under review for the NSE 500 index was 3.17 per cent by percentage shares in the June quarter compared to 3.09 per cent in the previous three months, while it was 2.98 per cent in the same period last year. By value, HNI holdings in these companies were 1.69 per cent or Rs 2.20 trillion in the June quarter from 1.68 per cent or Rs 1.76 trillion in the previous quarter.

For 1,594 firms among all listed companies on the NSE, HNIs’ holdings increased to 1.84 per cent by June-end from 1.78 per cent in March. In absolute value terms, HNI holding was Rs 2.50 trillion in April-June, an increase of 28.12 per cent over the previous quarter. HNI ownership by value percentage for all listed firms went up to 3.73 per cent in the quarter ending June from 3.61 per cent quarter-on-quarter. In the three months ended March, benchmark indices had crashed around 29 per cent with a more than 20 per cent slump in a single day in the month while the markets gained nearly 19 per cent in the April-June period.

On an overall basis, HNI holdings went up in 669 companies listed on NSE in the last quarter. The average stock price of these companies in the same period increased by 61.79 per cent, while HNI holdings fell in 691 companies, according to prime Infobase data, part of Prime Database group.