Instanex FII Index down 2.93%
April 8th, 2009
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).