Updated: Instanex FII index down 2%

At 1300 hrs, the Instanex FII Index is down 2.05% to 185.67 while the Instanex DII 15 Portfolio is down 2.25%, the Sensex is 2.10% lower and Nifty is down 1.75%.
 
Of the 15 components of the index, 13 are down while two are up. The top losers are HUL (-4.32%; weight 4.26%), Reliance (-4.26%; weight 16.14%) and ITC (-3.63%; weight 5.00%) while the two gainers are Sun Pharma (+1.41%; weight 2.20%) and TCS (+1.31%; weight 2.74%).

Updated at 1030 hrs

At 1000 hrs, the Instanex FII Index is almost unchanged, down just 0.08% to 189.41 while the Instanex DII 15 Portfolio is down 0.02%, Nifty is up 0.25% and Sensex is higher by 0.17%.

Of the15 components of the Index, nine are down while six are up. The main losers are HDFC (-1.60%; weight 10.70%), ITC (-0.98%; weight 5.04%) and BHEL (-0.57%; weight 5.81%) while the main gainers are ICICI Bank (+2.15%; weight 6.62%) and SBI (+1.17%; weight 3.58%).

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.