Domestic institutional investors seem to be buying and FIIs seem to be quiet. At 1300 hrs, the Instanex DII 15 Portfolio is up 2.36%, outperforming the Instanex FII index which is up 1.96% to 188.79 and Nifty which is up 1.78%.
Of the 15 components of the Index, 13 are up while two are down. The main gainers are ICICI Bank (+6.12%; weight 6.38%), HUL (+3.93%; weight 4.09%) and Reliance Ind (+3.89%; weight 16.43%) while the two losers are Bharti Airtel (-4.44%; weight 13.15%) and NTPC (-0.82%; weight 3.30%).
Updated at 1025 hrs
At 1000 hrs, the Instanex FII index is up 2.40% to 189.60 while the Instanex DII 15 Portfolio is up 2.20%, Nifty has gained 1.78% and Sensex is up 2.24%. All the 15 components of the index are up. The top gainers are ICICI Bank (+5.70%; weight 6.33%), HUL (+3.49%; weight 4.05%), HDFC Bank (+3.02%; weight 5.36%), TCS (+2.92%; weight 2.73%) and HDFC (+2.80%; weight 12.07%).
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.
