In line with Straits Times (-1.75%), Jakarta Composite (-0.97%) and Hang Seng (-0.77%), the Instanex FII Index was down 1.12% to 198.53 with the Instanex Retail 15 portfolio close behind, down 1.06%. Reflecting this trend, Sensex was down 0.89%, Nifty lost 0.71%, the Instanex DII 15 portfolio was down 0.60%, the Instanex Top 15 portfolio was down 0.58% and the Instanex Promoter 15 portfolio was down 0.43%.
Of the 15 components of the Index, 11 were down while four were up. The main losers were TCS (-4.31%; weight 2.72%), SBI (-3.87%; weight 3.35%) and HDFC Bank (-2.27%; weight 5.14%) while the main gainers were ITC (+1.64%; weight 4.84%) and NTPC (+1.40%; weight 3.11%).
Updated at 1352 hrs
After three days of gains speculators and retail investors seem to be booking profits. The Instanex FII index is down 0.64% to 199.49 with the Instanex Retail 15 portfolio close behind, down 0.51%, followed by the Instanex DII 15 portfolio down 0.36%. Reflecting this trend Sensex is down 0.30%, Nifty and the Instanex Top 15 portfolio are down 0.16%. The Instanex Promoter 15 portfolio is practically unchanged, up 0.04%.
Of the 15 components of the Index, ten are down while five are up. The main losers are TCS (-2.82%; weight 2.75%), SBI (-2.22%; weight 3.39%) and HDFC (-1.85%; weight 12.12%) while the main gainers are ICICI Bank (+2.59%; weight 7.16%) and NTPC (+1.08%; weight 3.08%).
Updated at 1050 hrs
FIIs seem to be quite this morning. At 1000 hrs, the Instanex FII index is almost unchanged, down just 0.17% at 200.44 while the Instanex DII 15 Portfolio is up just 0.09%, Nifty has lost 0.21% and Sensex is down 0.27%. Other Instanex indices are also quite with the Instanex Top 15 Portfolio is up 0.10%, the Instanex Retail 15 Portfolio is down 0.15%, the Instanex Promoter 15 Portfolio is up 0.21%.
Of the 15 components of the Index, eight have lost while seven are up. The main losers are TCS (-3.52%; weight 2.72%), Infosys (-1.42%; weight 12.68%) and BHEL (-0.77%; weight 5.77%) while the main gainers are ICICI Bank (+2.19%; weight 7.10%) and HUL (+1.17%; weight 4.07%).
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.