Instanex FII Index down 2.93%

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Speculators seem to continue booking short term losses and FIIs seem to have continue selling, dragging the Indian market lower. At 12 noon, the Instanex FII Index is down 2.93% (-3.22% at 11 am), the Instanex Retail 15 portfolio down 2.84% (-2.98% at 11 am) followed by, Sensex down 2.78% (-3.06% at 11 am), Nifty down 2.32% (-2.69% at 11 am), the Instanex Top 15 portfolio down 2.29% (-2.48% at 11 am), the Instanex DII 15 portfolio down 2.07% (-2.52% at 11 am), indicating some DII buying at lower levels and the Instanex Promoter 15 portfolio down 1.97% (-2.22% at 11 am). Asian markets are down as well - Hang Seng is down 4.34% (-4.18% at 11 am), KOSPI closed 2.93% lower (-2.98% at 11 am) and Nikkei 225 closed 2.83% lower (-3.17% at 11 am).

 

Of the 15 components of the Instanex FII Index, 11 are down and four are up. The main losers are ONGC (-4.71%; weight 4.73%), ICICI Bank (-4.63%; weight 6.80%) and HDFC Bank (-4.61%; weight 5.52%) and the main gainers are Sun Pharma (+2.18%; weight 1.99%) and NTPC (+0.87%; weight 2.91%).

 

Instanex FII Index at 12 noon on Wednesday, April 08, 2009

 

12noon Report	08-Apr-09	% Change	Weight
INSTANEX FII INDEX	226.86	-2.93%	100.00%
Reliance Ind	1,609.30	-3.76%	18.36%
Bharti Airtel	633.00	-4.07%	12.34%
HDFC	1,663.10	-2.12%	13.00%
Infosys Techn	1,372.00	-3.00%	12.10%
ICICI Bank	357.30	-4.63%	6.80%
BHEL	1,491.70	-2.62%	5.46%
HDFC Bank	1,014.00	-4.61%	5.52%
ITC	181.50	0.55%	4.44%
HUL	228.00	0.42%	3.45%
ONGC	844.00	-4.71%	4.73%
SBI	1,084.95	-3.90%	3.35%
NTPC	186.00	0.87%	2.91%
L&T	757.00	-1.73%	2.83%
TCS	566.50	-2.26%	2.72%
Sun Pharma	1,092.25	2.18%	1.99%