FEFI PERFORMANCE UPDATE
The Sensex and Nifty delivered low returns in December as compared to fabulous returns the previous month. The Sensex was volatile during the course of the month and started off at 19,340 and closed at 19,427, posting positive returns of 0.45%. This is the sixth consecutive month of positive inflows from the foreign institutional investors (FIIs). The inflows from the FIIs during the month amounted to Rs 25,087.80 crore. FEFI began the month with 2,147 points and ended at 2,180, registering gains of 39.07 points, up by 1.82% on a month-on-month basis.
The FEFI outperformed the Sensex by 1.38% on a monthly basis, but on year-to-date basis it outperformed the Sensex by more than 6%.
Chart 1: Comparative performance of
FEFI with SENSEX since 31 December 2011
Most of the equity indices on the Bombay Stock Exchange (BSE) delivered positive returns for the month of December. The returns ranged from 0.45% to 6.91% for these indices. The indices which delivered positive returns outperformed the broader indices, i.e., the Sensex and S&P CNX Nifty. The indices which performed negatively were BSE India Consumer Durable Index, BSE India Information Technology Index, BSE India Communication Technology Index, BSE India Fast Moving Consumer Goods Index, and BSE India Capital Goods Index. These indices delivered -3.89%, -3.47%, -2.83%, -2.02%, and -1.91% respectively.
The BSE India Metal Index was the best performer, delivering 6.91% returns on a monthly basis, whereas BSE India Consumer Durable Index was the worst performing sector posting returns of -3.89% in December.