Less expense ratio implies better returns over the long term

Expense Ratio

ETF has not been able to closely match its benchmark returns

Tracking Error

ETF has been generating better price return than bank FD

Return vs FD Rates

Good time to consider, as ETF is not in overbought zone

Entry Point

The Indian markets faced significant losses last week, with the Sensex and Nifty 50 dropping over 4%, influenced by the US Federal Reserve’s slower pace of rate cuts. The Nifty’s support is at 23,000, while the Nifty Bank and Sensex also face critical support zones at 49,800 and 77,500 respectively. While the short-term outlook remains bearish, key levels like 23,000 and 49,800 may offer opportunities for a bounce back, with long-term buying potential if these levels hold.

Index Outlook: Sensex, Nifty 50 get knocked down

Indian markets exhibit weakness, with the Nifty and Bank Nifty facing selling pressure. FMCG stocks underperform, and sectors like banking remain weak pending broader market recovery. IT, pharma, and real estate show relative strength. Analysts recommend selling Hero MotoCorp, buying United Breweries, and buying Dr. Reddy’s.

Market Insights: Navigating weakness and opportunities across sectors

Indian benchmark indices Nifty 50 and Nifty Bank under pressure, US Fed Meeting outcome fuels global equity sell-off.

Nifty and Bank Nifty Prediction for the week 23 Dec’24 to 27 Dec’24 by BL GURU

“After the Federal Reserve’s monetary policy announcement on Wednesday, global indices sharply declined. Despite the Fed’s decision to lower interest rates by a quarter point, as anticipated, the projection of fewer rate cuts next year than previously estimated dampened investor sentiment. Nifty’s benchmark index has tumbled nearly 5%, marking its steepest weekly fall since June 2022. This decline has wiped out the gains of the past four weeks.”

F&O Talk | Nifty, Bank Nifty struggle; further downside likely below key levels, says Sudeep Shah of SBI Securities

Banks across India will observe multiple holidays during the last 11 days of the year due to various regional occasions in different states. Indian banks will function regularly on December 21 since it is the third Saturday of the month. Know more about bank holidays across specific Indian states in December, and are banks open today or not in this story.

Are banks open or closed this Saturday on December 21, 2024?

Mumbai-based RBL bank shares appear to be on the decline. This, after the lender continued to trade with deep cuts on the last day of trade, Friday, December 20. According to the market regulator SEBI, in the futures and options (F&O) segment, RBL, along with other companies that were banned, exceeded 95 per cent of the market-wide position limit (MWPL).

RBL Bank Shares Decline For Fifth Consecutive Day, Declines By Over 10%

The Relative Strength Index of the stock stood at 36.1 on Friday.

Bandhan Bank shares 0.58 per cent in Friday’s trading session

Bank Nifty trading lower, private banks underperforming, futures hovering around 51,380; next move depends on 51,200 or 51,500 break.

Bank Nifty Prediction today – Dec 20, 2024: Wait for clarity before taking fresh trades

Index funds and ETFs have to adjust their holdings in line with the rejig during the last 30 minutes of trade, driving demand.

Sensex And FTSE Rejig Today: Zomato, ICICI Bank, Kotak Mahindra Bank Shares Could Turn Volatile— Here’s Why

Significant lending coming from the US to companies engaged in coal power expansion in India

Indian banks funded over Rs 6,000 crore of coal expansion plans: Report

Indian markets fell today, driven by IT and banking stocks after the Fed Chairman’s signal on fewer interest rate cuts. SpiceJet, KFin Technologies, and Dr. Reddy’s saw gains.

Gainers & Losers: SpiceJet, Dr, Reddy’s among 6 stocks that hogged limelight on Thursday

Aditya Birla Sun Life Banking ETF objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Bank Index