FIIs holding in BSE 200 stocks is still high and they are under stress due to selling pressure. Here is a list of FIIs holding of 40% of the available float in the top-25 Indian companies. Data as of March-6th.
- ICICI Bank 63.7%
- HDFC 58.8%
- Infosys Technologies 52.1%
- HDFC Bank 45.5%
- Bharti Airtel 22%
- Reliance Industries 19.2%
- L&T 17.1%
- BHEL 16%
- GAIL India 15.9%
- SBI 14.9%
You can selectively pick some in small quantities as most of them are Blue Chips and are likely to give at least 20% returns in the next 10 years.