Instanex FII index up 3.29%

At 1300 hrs, the Instanex FII index has suddenly shot up 3.29% over Friday’s close in the last hour of trade and caught up with the broad-based indices.

This may indicate that FIIs have turned buyers on the back of a 529 point rally in the Hang Seng index. While Nifty is up 3.33%, the Instanex DII 15 portfolio has gone up 3.32% and the Instanex Retail 15 portfolio has risen 3.31%.
 
All the 15 components of the Instanex FII index are up. The main gainers are Reliance Ind (+4.73%; weight 17.45%), HDFC (+4.41%; weight 12.55%), ONGC (+3.92%; weight 4.80%), ICICI Bank (+3.75%; weight 6.95%) and Bharti Airtel (+3.54%; weight 12.53%).

Updated at 1240 hrs

At 1200 hrs, FIIs seem to be reluctant to buy and the Instanex FII index is worst performer among the Instanex Ownership indices, up only 2.77%. DIIs also seem to be cautious and the Instanex DII 15 portfolio is up just 2.81%, underperforming Nifty (+3.27%) and Sensex (+3.02%).

The Instanex Promoter 15 portfolio is up 3.05%, the Instanex Retail 15 portfolio is up 3.01% and the Instanex Top 15 portfolio is up 2.97%. Asian markets have closed with Taiwan Weighted up 3.28%, Nikkei 225 up 3.28%.

All the 15 components of the Index are up. The main gainers are ONGC (+4.66%; weight 4.86%), Reliance Ind (+4.00%; weight 17.41%), HDFC (+3.32%; weight 12.49%), NTPC (+3.04%; weight 3.14%) and TCS (+2.83%; weight 2.76%).


Updated at 1140 hrs

At 1100 hrs, Asian markets have maintained their strength with Taiwan Weighted up 3.28%, Nikkei 225 up 3.15% and Hang Seng almost unchanged, up 3.10%.

In India broad-based benchmark Nifty has shot up 2.56%, leading major indices, with Sensex (+2.53%) close behind. FIIs continue to be quiet with the Instanex FII index up only 2.40%. DIIs seem to be cautious, with the Instanex DII 15 Portfolio up 2.44%, underperforming the broad-based indices and indicating that the markets may not hold on to these gains over the next few hours.
 
All the 15 components of the index are up. The main gainers are HDFC (+3.28%; weight 12.52%), ONGC (+3.21%; weight 4.81%), Reliance Ind (+3.21%; weight 17.34%), TCS (+3.09%; weight 2.77%) and ITC (+2.83%; weight 4.69%).

Updated at 1100 hrs

At 1000 hrs, strong Asian markets combined with DII buying have propelled the Instanex DII 15 Portfolio up 1.91%. FIIs seem to be quiet and India’s Instanex FII index has managed only a 1.66% gain, underperforming the broad-based Sensex (+1.89%) and in line with Nifty (+1.65%).

Other Instanex ownership indices have also done well - the Instanex Promoter 15 portfolio is up 1.78%, the Instanex Top 15 portfolio is up 1.79% and Friday's best performer, the Instanex Retail 15 portfolio, is up 1.77%. Asian indices have performed even better with Hang Seng up 3.13%, Taiwan Weighted gaining 3.04% and Nikkei 225 up 2.91%.
 
All 15 components of the Instanex FII index are up. The main gainers are BHEL (+2.93%; weight 5.76%), ONGC (+2.71%; weight 4.82%), ICICI Bank (+2.51%; weight 6.98%), Reliance Ind (+2.24%; weight 17.30%) and ITC (+2.12%; weight 4.69%).
 
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.