Speculators seem to be driving the cash and futures markets today. At close, the Instanex Promoter 15 portfolio was up 2.90% with the Instanex Top 15 portfolio close behind, up 2.69%, followed by the Instanex DII 15 portfolio that was up 2.46%, the Instanex Retail 15 portfolio up 2.27%, Sensex and Nifty were up 2.13% and the Instanex FII Index was last, up just 1.89% at 200.78.
Of the 15 components of the Instanex FII Index, 13 gained while two lost. The main gainers were ICICI Bank (+4.52%; weight 6.94%), SBI (+3.65%; weight 3.45%) and Reliance Ind (+3.45%; weight 17.10%) while the two losers were Sun Pharma (-2.05%; weight 2.06%) and Infosys (-0.62%; weight 12.84%).
Updated at 1357 hrs
Domestic institutional investors seem to be buying and FIIs seem to be quiet. At 1300 hrs, the Instanex DII 15 Portfolio is up 0.85%, outperforming the Instanex FII index which is up just 0.46% to 197.98. Sensex is up 0.63%, the Instanex Top 15 portfolio is up 0.63%, the Instanex Retail 15 portfolio is up 0.62%, Nifty is up 0.58% and the Instanex Promoter 15 portfolio is up 0.58%.
Of the 15 components of the Index, ten have gained and five are down. The main gainers are SBI (+3.25%; weight 3.48%), Bharti Airtel (+1.85%; weight 12.71%) and Reliance Ind (+1.80%; weight 17.06%) while the main losers are Sun Pharma (-2.53%; weight 2.08%) and HDFC (-1.53%; weight 12.17%).
Updated at 1105 hrs
Markets are quite with speculators and domestic retail investors tempted to take some profits after two days of gains. At 100 hrs, the Instanex DII 15 portfolio leads the Instanex Owner Indices, up 0.46%, followed by the Instanex FII Index and the Instanex Promoter 15 portfolio, both up 0.42%. Sensex is up 0.40% and Nifty lags, up only 0.26%.
Of the 15 components of the Index, 11 have gained and four are down. The main gainers are SBI (+1.66%; weight 3.43%), HDFC Bank (+1.35%; weight 5.28%) and Reliance Ind (+0.91%; weight 16.92%) while the main losers are Sun Pharma (-1.45%; weight 2.10%) and ONGC (-1.13%; weight 4.48%).
ABOUT THE INSTANEX FII INDEX
The INSTANEX FII INDEX™ tracks the price performance of the portfolio of listed Indian equity shares owned by foreign institutional investors (FIIs). The Index comprises the top 15 companies by value of FII holdings subject to (a) Stock future listed in India, (b) Restriction of company weight to 20%, industry to 30% and principal shareholder to 30%. Index weights are based on adjusted market value of holdings. The Index is adjusted for all corporate actions, including bonus, split and rights. Reviews are conducted quarterly and companies are deleted from the Index if they are not among the top 20 FII holdings. The base date is September 30, 2003 (=100).
The Index has been developed by and is owned by Instanex Capital Consultants Pvt. Ltd., Mumbai, India.