Current price is close to the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

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

FIIs sold Indian equities worth Rs 8,293.41 crore on Monday, while DIIs were net buyers at Rs 13,245.12 crore. Indian indices fell for the sixth consecutive session, with Nifty Bank, Nifty Metal, Nifty Oil & Gas, and Nifty PSU Bank falling over 2%.

FIIs sell Indian equities worth Rs 8,293 crore on Monday

During the session, Nifty 50 declined 1.82% to 24,694.35 and the Sensex declined 1.75% to 80,726.00, marking their lowest level since Aug 21.

Stock Market Today: Nifty, Sensex, Nifty Bank Extend Losing Streak To Sixth Day

A total of 1,521,228 shares changed hands on the counter till 01:18PM (IST)

Canara Bank shares decline 3.48% as Sensex slides

Bank Nifty index shows bearish trend with HDFC Bank as sole gainer; futures may rally to 55,200 from 54,400.

Bank Nifty prediction today — September 24, 2024: Uptrend intact; buy on a break or minor dip

Bank Nifty opens higher, with top gainer AU Small Finance Bank and top loser Federal Bank. Intraday trading strategy provided.

Bank Nifty Prediction today – October 07, 2024: Index exhibits bearish bias, go short for intraday

Following Sebi’s new regulation, NSE is likely to discontinue all other weekly expiries besides Nifty Bank as it has higher volumes. What are your thoughts on which index has the potential to make more money - Nifty or Nifty Bank? Old-timers will miss Nifty if it is discontinued.

Stopping Nifty weekly expiry will deprive hedging opportunity: Anand James

IndusInd Bank reports a 13% year-on-year rise in net advances to Rs 3,56,980 crore for September 2024, and a 15% increase in deposits to Rs 4,12,704 crore. Sequential gains of 3% and 4% respectively are also noted. CASA ratio declines to 35.9%.

Stock to watch: IndusInd Bank shares in focus as net advances jump 13% YoY, deposits rise 15% in Q2FY25

Stocks to Watch: Life Insurance Corporation of India has increased its shareholding in Bank of Maharashtra from 4.05 per cent to 7.10 per cent following the allotment of shares during a QIP.

Stocks to Watch: HDFC Bank, Adani Wilmar, REC, Adani Total, Canara Bank

This week the Nifty corrected 4%. But did all Nifty stocks correct equally? The answer, obviously, is no. That never happens. If the volatility and correction continues, the Nifty stocks that fell in this round may not be the ones to get battered in the future. The market sees different kinds of sell-offs at different times. And the kind of sell-off decides the pace of the correction in the Nifty and Bank Nifty – both important indices. Understanding this is important. Right now the markets are correcting not only due to a sudden outflow and global developments, but also because we are close to the earning season. How that pans out will have a major impact on how the Nifty and the broader market behave in the short term.

11 Nifty stocks which may outperform the volatile Nifty

Nifty and Nifty Bank indices face short-term weakness but broader trend remains positive, with potential for bounce back.

Nifty and Bank Nifty Prediction for the week 07 Oct’24 to 11 Oct’24 by BL GURU

Last week, Nifty 50 and Bank Nifty both declined by about 4.4%, indicating a bearish trend. Nifty futures dropped to 25,174, with key support at 25,000; a breach could lead to 24,350. Bank Nifty futures fell to 51,871, facing support at 51,500, with potential decline to 50,500 if broken. Traders are advised to sell Nifty futures below 25,000 and consider shorting Bank Nifty below 51,500, while maintaining strict stop-loss levels. The overall trend remains bullish despite the recent declines.

F&O Tracker: Index Futures Could Extend the Slide

Axis Banking ETF objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error