Don’t miss the latest developments in business and finance.

Instanex FII Index up 1.12% on speculator driven rally

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 7:34 PM IST

In line with other Asian markets, India’s Instanex FII Index was up 1.12% at close, while the Hang Seng was up 1.82% and Straits Times was up 1.07%. Confirmed this to be a speculator and retail investor driven rally, India’s Nifty was up 1.35% and Sensex was up 1.27%, while the Instanex DII 15 portfolio was up only 1.05%.

The Instanex Top 15 portfolio that represents India’s most valuable companies was last among the Instanex Ownership Indices, up just 0.73%, further establishing that big-money is not causing this rally.

Of the 15 components of the Index, 11 gained and four lost. The main gainers are BHEL (+4.28%; weight 6.03%), ICICI Bank (+3.41%; weight 7.21%) and L&T (+3.05%; weight 2.69%) while the main losers are ITC (-2.11%; weight 4.68%) and HDFC (-0.76%; weight 11.96%).

Also Read

First Published: Mar 18 2009 | 5:01 PM IST

Next Story