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

Return vs FD Rates

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

Entry Point

Share market today: Sensex climbed 418 pts to 60,260 and Nifty gained 119 pts to 17,944. Last time, the 30-stock index hit the 60K level on April 5, 2022.

Sensex ends above 60K, Nifty crosses 17,900; consumer durables, IT shares top gainers

Network 18 Media & Investments Ltd is quoting at Rs 72, up 5.34% on the day as on 12:49 IST on the NSE. The stock is up 46.79% in last one year as compared to a 7.11% jump in NIFTY and a 22.02% jump in the Nifty IT index.

Network 18 Media & Investments Ltd up for third consecutive session

No other industry has held a bigger aspirational pivot for Indians than technology. For generations, many in India have looked upon the IT industry as a stepping stone to building a secure future. This, in a country with a vast pool of human resources with computing and tech skills, has helped propel the technology sector as a key contributor to the nation’s economic growth.

As we celebrate Azadi ka Amrit Mahotsav, let’s peek into the journey of India’s information technology business that began as a formal industry only in the late sixties.
 
India’s IT industry with $227-billion of revenues had an obscure start in 1968, when the precursor to today’s Tata Consultancy Services was set up as a division of Tata Sons, and FC Kohli was appointed to lead the startup. The impetus for the industry came in the seventies, when HCL was set up, and Wipro moved towards reinventing itself as a technology firm. This was followed by seven engineers led by N.R. Narayana Murthy starting Infosys in 1981 with a seed capital of just $250. From those humble beginnings, the industry has come a long way. Today, India’s top IT firms generate multi-billion dollars of revenues every year. TCS’ revenues, for example, touched $25 billion in 2021.

#economicgrowth #azadikaamritmahotsav #startups
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IT Industry: Key Contributor To India's Economic Growth | Skill India | Azadi Ka Amrit Mahotsav

CLOSING BELL: Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent

Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700

The domestic equity barometers traded near the flat line, with some positive bias in early afternoon trade. The Nifty traded below the 17,700 mark. IT shares witnessed across the board buying.

Barometers trade flat; IT stocks in demand

Commenting on Quess Corp’s Q1FY23 results, ED & Group CEO Guruprasad Srinivasan said, “We are delighted to report our highest ever headcount addition of 32.6k in a quarter along with a PAT growth of 52% YoY, reaffirming our execution capability. All our large businesses have continued to demonstrate exceptional growth, driving our consolidated revenues up by 33% YoY and 5% QoQ. As we get into the festive season, usually the largest hiring season in India, we continue to invest in technology and have strengthened our business teams to take advantage of this opportunity. We are confident these investments will help gain market share and take our ROE to 20%.” Watch to know more.

#itstocks #quesscorp #guruprasadsrinivasan
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Slowdown In IT A Key Risk? | Guruprasad Srinivasan, Quess Corp | IT Stocks News | Business News

Shares of Zensar Technologies were trading near their 52-week low today amid positive sentiment in the broader market. Zensar Technologies stock hit its 52-week low of Rs 221.65 on August 10, 2022. The IT sector stock was trading at Rs 232 today, down 0.87 per cent to the previous close of Rs 234.45…

Zensar Technologies stock is trading near 52-week low, but brokerages see up to 72% upside

Sensex rose 515 points to 59,332 and Nifty closed 106 points higher at 17,640. Of 30 Sensex stocks, 19 ended in the green.

Sensex ends above 59,300, Nifty rises 106 pts; banking, IT shares among top gainers

Persistent Systems Ltd has added 14.1% over last one month compared to 10.48% gain in S&P BSE IT Sector index and 10.28% rise in the SENSEX

Persistent Systems Ltd Surges 4.31%, S&P BSE IT Sector index Gains 1.53%

Sensex slipped 35 points to 58,817 and Nifty gained 9 points to 17,534. Of 30 Sensex stocks, 18 ended in the red.

Sensex, Nifty close on a flat note; consumer durables, IT shares lead losses

The Sensex ended 35.78 points lower at 58,817.29, while the Nifty index inched 9.65 points higher at 17,534.75

Sensex, Nifty close almost flat; IT stocks weigh

Aditya Birla Sun Life Nifty IT ETF's objective is to provide returns before expenses that closely correspond to the total returns of the NIFTY IT - TRI subject to tracking errors

Aditya Birla Sun Life Nifty IT ETF

Average daily traded value of the ETF is low

Aditya Birla Sun Life Nifty IT ETF

Aditya Birla Sun Life Nifty IT ETF

Return vs FD Rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry Point
High demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF

News & Opinions

Sensex ends above 60K, Nifty crosses 17,900; consumer durables, IT shares top gainers

Network 18 Media & Investments Ltd up for third consecutive session

News Video

IT Industry: Key Contributor To India's Economic Growth | Skill India | Azadi Ka Amrit Mahotsav

Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700

Barometers trade flat; IT stocks in demand

News Video

Slowdown In IT A Key Risk? | Guruprasad Srinivasan, Quess Corp | IT Stocks News | Business News

Zensar Technologies stock is trading near 52-week low, but brokerages see up to 72% upside

Sensex ends above 59,300, Nifty rises 106 pts; banking, IT shares among top gainers

Persistent Systems Ltd Surges 4.31%, S&P BSE IT Sector index Gains 1.53%

Sensex, Nifty close on a flat note; consumer durables, IT shares lead losses

Aditya Birla Sun Life Nifty IT ETF

Return vs FD RatesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry PointHigh demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF

News & Opinions

Sensex ends above 60K, Nifty crosses 17,900; consumer durables, IT shares top gainers

Network 18 Media & Investments Ltd up for third consecutive session

News Video

IT Industry: Key Contributor To India's Economic Growth | Skill India | Azadi Ka Amrit Mahotsav

Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700

Barometers trade flat; IT stocks in demand

News Video

Slowdown In IT A Key Risk? | Guruprasad Srinivasan, Quess Corp | IT Stocks News | Business News

Zensar Technologies stock is trading near 52-week low, but brokerages see up to 72% upside

Sensex ends above 59,300, Nifty rises 106 pts; banking, IT shares among top gainers

Persistent Systems Ltd Surges 4.31%, S&P BSE IT Sector index Gains 1.53%

Sensex, Nifty close on a flat note; consumer durables, IT shares lead losses

Return vs FD Rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If the ETFs price return is lower than this rate, investors are better off investing the amount in a FD

Entry Point
High demand for an ETF increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the ETF