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Market move● Neutral for Indian equities
BSE cautions investors as international ETFs trade at steep premiums to NAV
The brief
- BSE cautioned investors that international ETFs are trading at steep premiums to NAV
- Limited overseas investment capacity has restricted creation of new units, potentially widening the gap
- Indian mutual fund investors in overseas ETFs face a wider gap between market prices and NAV
- Why is market falling today? Sensex tumbles 700 points, Nifty below 22,950. 6 key factors behind Rs 5 lakh crore rout
- Augment India may sell 85 lakh Clean Max Enviro shares for ₹1,063 crore
- R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition
- NSE chairman urges India to reconsider allowing exchanges to self-list
- Stock market today: BSE Sensex opens over 100 points up, NSE Nifty50 trades above 23,000