Foreign institutional investors (FII) seem to have increased their buying in the last 30 minutes of trading and, at close, the Instanex FII Index was up 3.47% (3.43% up at 3pm), almost catching up with the Instanex DII 15 portfolio that gained 3.81% (3.99% at 3pm).
While Sensex was in-line with the performance of FII portfolios (+3.47%, compared to +3.60% at 3pm), Nifty underperformed (+3.28%, compared to +2.80% at 3pm). The other Instanex Ownership Indices were all up strongly – the Instanex Retail 15 portfolio was up 3.17%, Instanex Top 15 portfolio was up 3.17%, and the Instanex Promoter 15 portfolio was up 2.81%. This indicates that speculators are not leading this market rally, and may have booked some profit as FIIs became more aggressive. Asian indices closed stronger as well, fuelled by purchases by foreigners, with Straits Times up 3.82% and Hang Seng up 3.45%.
All the 15 components of the Instanex FII Index were up. The top gainers were L&T (+6.10%; weight 2.49%), TCS (+5.94%; weight2.69%), BHEL (+5.85%; weight 5.79%), ONGC (+5.36%; weight 4.55%) and Bharti Airtel (+4.95%, weight 12.17%).
Updated at 1449 hrs
Domestic institutional investors seem to be increasing their buying and, at 1400 hrs, the Instanex DII 15 portfolio is up 2.49% (2.13% at 1300 hrs), and the Instanex FII Index is up 2.15% (1.75% up at 1300 hrs).
Both are outperforming Nifty (+2.01%, compared to +1.47% at 1300 hrs) and Sensex (+2.14%, compared to +1.77% at 1300 hrs). The other Instanex Ownership indices are also up – the Instanex Top 15 portfolio is up 1.94%, Instanex Retail 15 portfolio is up 1.72%, and the Instanex Promoter 15 portfolio is up 1.67%.
Asian markets are strong - Hang Seng closed at 3.57% up, Straits Times is up 3.77% and Shanghai Composite is up 2.97%.
Of the 15 components of the Instanex FII Index, 14 are up and just Reliance Ind (-0.29%; weight 17.79%) is down. The main gainers are TCS (+5.95%; weight 2.72%), L&T (+5.45%; weight 2.51%), BHEL (+4.70%; weight 5.80%) and ITC (+3.86%; weight 4.60%).
Updated at 1340 hrs
Domestic institutional investors seem to have turned aggressive buyers.
At 1300 hrs, the Instanex DII 15 portfolio is up 2.13% (2.11% at 1200 hrs), and the Instanex FII Index is up 1.75% (1.68% up at 1200 hrs). Both are outperforming Nifty (+1.47%, compared to +1.32% at 1200 hrs) and Sensex (+1.77%, compared to +1.68% at 1200 hrs).
The other Instanex Ownership indices are also up – the Instanex Top 15 portfolio is up 1.50%, Instanex Retail 15 portfolio is up 1.46%, and the Instanex Promoter 15 portfolio is up 1.20%.
Asian markets are strong - Hang Seng is up 3.29%, Straits Times is up 3.88% and Shanghai Composite is up 3.06%.
All the 15 components of the Instanex FII Index are up. The top gainers are L&T (+5.49%; weight 2.52%), BHEL (+4.14%; weight 5.79%), HDFC (+3.43%; weight 13.22%), ITC (+3.33%; weight 4.59%) and TCS (+2.39%; weight 2.64%).
Updated at 1140 hrs
Domestic institutional investors seem to have started buying as well and, at 1100 hrs, the Instanex DII 15 portfolio is up 1.61%, and Instanex FII Index is up 1.27%, outperforming Sensex (+1.14%) and Nifty (+0.98%).
The other Instanex Ownership indices are also up – the Instanex Retail 15 portfolio is up 1.14%, the Instanex Top 15 portfolio is up 1.12% and the Instanex Promoter 15 portfolio is up 0.90%.
Asian markets are strong - Straits Times is up 2.55%, Hang Seng is up 2.48% and KOSPI is up 1.07%.
Of the 15 components of the Instanex FII Index 14 are up and just Bharti Airtel (-0.30%; weight 11.82%) is down. The main gainers are BHEL (+4.49%; weight 5.84%), ITC (+3.47%; weight 4.62%), L&T (+2.92%; weight 2.47%) and HDFC (+2.53%; weight 13.17%).
Updated at 1040 hrs
Foreign institutional investors seem to have begun with buy orders and DIIs seem to be quiet.
At 1000 hrs, the Instanex FII Index is up 1.40% to 220.80, outperforming the Instanex DII 15 portfolio which is up 1.22%. Sensex is up 1.35% and Nifty is higher by 1.34%. The other Instanex Ownership indices are all up – the Instanex Retail 15 portfolio is up 1.41% and the Instanex Promoter 15 portfolio and the Instanex Top 15 portfolio are up 1.22%.
Asian markets are also up - Hang Seng is up 2.55%, Straits Times is up 2.35% and Nikkei 225 is up 0.97%.
All the 15 components of the Instanex FII index are up. The top gainers are BHEL (+2.54%; weight 5.72%), HDFC Bank (+1.98%; weight 5.56%), Reliance Ind (+1.92%; weight 18.32%), ONGC (+1.73%; weight 4.47%) and Bharti Airtel (+1.68%; weight 12.04%).
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.
