Top 10 Stocks That Saw Massive DII Buying: IndiGo, Reliance, Airtel, HDFC Bank, ICICI, More

The Indian stock market witnessed sharp volatility in recent months as the West Asia crisis, a weakening Indian rupee, and a surge in crude oil prices weighed on investor sentiment. While these factors prompted foreign institutional investors (FIIs) to continue trimming their exposure to Indian equities, domestic institutional investors (DIIs) remained resilient and sustained their buying momentum.

FII holdings in the Nifty 50 fell around 260 bps on an annual basis and around 210 bps sequentially in the March quarter of the financial year 2025-26; however, DIIs continued to expand their holdings at an all-time high of 25.4% in the March quarter, as per the Motilal Oswal report. Here are the top 10 stocks that saw heavy DII buying during the March quarter.

HDFC Bank

HDFC Bank emerged as the biggest beneficiary of DII buying during the March quarter. Domestic institutions bought around 42 crore additional shares in the private lender. HDFC Bank saw a net purchase value of Rs 36,315 crore. The period of DII buying coincided with decline in the HDFC stock.

ICICI Bank, Kotak Mahindra Bank

ICICI Bank also attracted a significant amount of DII buying in the March quarter. Domestic investors poured in around Rs 19,117 crore during the quarter as they added 14.25 crore shares in the private bank, as per PrimeInfobase data. Kotak Mahindra Bank saw heavy DII inflows of 32.86 crore shares between December 2025 and March 2026.

Infosys

IT stocks have seen a constant decline in their valuation over the past few months amid AI concerns. However, certain IT stocks continued to remain DIIs' favourite. DIIs purchased close to 9.31 crore shares during the March quarter. With this, the total purchase totalled to around Rs 13,105 crore during the period.

Tata Consultancy Services

The IT giant, TCS, also saw heavy DII buying during the quarter. The IT stock saw 1.95 crore shares during the March quarter. Net purchases in TCS were valued at Rs 5,410 crore, as its price declined by around 26.43% during the period.

Bharti Airtel

The telecom giant featured prominently in the DII buying list as the telecom stock reported institutional purchase of around 6.07 crore shares. The net value of total shares purchased was close to Rs 11,680 crore.

IndiGo

InterGlobe Aviation, the operator of India's largest airline by market share also saw sustained institutional interest. DIIs increased their holding in IndiGo stock by 1.18 crore shares in March quarter, which was equivalent to Rs 5,731 crore of buying.

Eternal

The new-age company, Eternal, also saw huge demand by the DIIs. The quick commerce giant recorded DII purchases of 31.63 crore shares in the March quarter. The total DII buying in Eternal was valued at Rs 8,246 crore.

Maruti Suzuki India

Maruti Suzuki India also saw huge buyig by domestic institutional investors during the period. DIIs bought around 40 lakh shares of Maruti Suzuki India during the March quarter, with net purchases of around Rs 5,697 crore.

Reliance Industries

DII buying into the oil to retail conglomerate, Reliance Industries, totalled to Rs 6,877 crore as they added 4.87 crore shares in march quarter.