Instanex FII Index up 1.30%
At 12 noon, Indian markets have gained further on domestic institutional investor (DII) buying. The Instanex FII Index is now up 1.30% (+0.61% at 11am) to 216.91, underperforming the Instanex DII 15 portfolio that is up 1.73% (+0.91% at 11am). India’s broad-based benchmark, Sensex is up 1.80% from 0.96% an hour earlier and Nifty is higher by 1.46% (+0.60% at 11am). The other Instanex Ownership Indices are also up – the Instanex Retail 15 portfolio is up 1.66%, the Instanex Top 15 portfolio is up 0.88% and the Instanex Promoter 15 portfolio is up 0.64%. Asian indices are mixed with Taiwan Weighted that closed up 1.99% and Jakarta Composite up 0.67% while Hang Seng is lower by 0.82%.
Of the 15 components of the Instanex FII Index, 12 are up while three are down. The main gainers are Reliance Ind (+4.36%; weight 18.07%), L&T (+2.99%; weight 2.45%) and ITC (+2.77%; weight 4.61%) while the main losers are ONGC (-2.08%; weight 4.47%) and NTPC (-1.68%; weight 2.93%).