FEFI PERFORMANCE UPDATE
The Sensex and Nifty delivered low returns in January, but better when compared to that of the previous month. The Sensex was volatile but moved in the upward direction during the course of the month. It started off at 19,581 and closed at 19,895, posting positive returns of 2.41%. This is the seventh consecutive month of positive inflows from foreign institutional investors (FIIs). Inflows during the month amounted to Rs 22,059.20 crore. FEFI began the month with 2,199 points and ended at 2,189, up by 0.43% on a month-on-month basis.
The FEFI underperformed the Sensex by 1.98% on a monthly basis as well as on a year-to-date basis.
Chart 1: Comparative performance of
FEFI with SENSEX since 31 December 2012
More than 50% of the equity indices on the Bombay Stock Exchange (BSE) delivered positive returns for the month of January ranging from 0.10% to 12.48%.
BSE India Information Technology Index, one of the worst performers in December, outperformed all equity indices this month by delivering 12.48%.
BSE India Oil & Gas Index was next with a return of 9.87%.
These indices, along with BSE India Realty Index and BSE India Public Sector Undertakings Index, outperformed the broader indices, i.e., the Sensex and S&P CNX Nifty. The Sensex and S&P CNX Nifty delivered 2.41% and 2.20%, respectively.
BSE India Metal Index, the best performer the previous month, underperformed all equity indices and delivered -4.20% returns on a monthly basis. In addition, the indices which performed negatively this month were BSE Mid-Cap Index (-2%), BSE India Small-Cap Index (-4.14%), BSE India Auto Index (-3.78%), BSE India Capital Goods Index (-3.43%), BSE India Power Index (-1.99%), BSE India Consumer Durable Index (-1.78%) and BSE India Healthcare Index (-1.42%).
All above returns are on a month-on-month basis .