Current price is close to the real time NAV

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

Foreign Institutional Investors (FIIs) have been consistently selling in the Indian equity markets in January, with sales in the cash market reaching Rs 66,602 crore. The primary reasons behind this trend are the strengthening of the dollar and rising US bond yields. The financial sector has been significantly impacted, while the IT sector shows signs of resilience.

FIIs maintain aggressive selling spree in Indian market, sell equities worth Rs 66,600 cr in Jan so far

The market experienced a downturn driven by a sell-on-rally trend, with realty stocks significantly impacted. Analyst Sudeep Shah from SBI Securities shared insights, highlighting concerns due to sustained bearish pressure on the Nifty index and significant FII selling. Despite this, the IT sector shows promise, and large-caps offer some stability amidst market volatility.

F&O Talk| Nifty on 3-week losing streak, bearish momentum intensifies ahead of Budget: Sudeep Shah of SBI Securities

On a weekly basis, the Nifty fell by 0.48% while the 30-stock Sensex slipped by 0.56%, led by a fall in Reliance Industries Ltd. and Trent Ltd.

Stock Market Today: Nifty, Sensex Decline For Third Week As RIL, Trent Weigh; IT Stocks Outperform

Indian headline indices ended in the green on Thursday, recording their second successive positive closing. The uptick was on the back of a buying action in auto and IT stocks. While the S&P BSE Sensex settled at 76,520.38, up by 115.39 points or 0.15%, the broader Nifty closed at 23,205.35, higher by 50 points or 0.22%.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the sessions remain muted with the Nifty index showing limited movement notwithstanding a positive start. “It failed to break above the 50 EMA on the hourly chart, indicating selling pressure at higher levels. The bearish trend is likely to persist as long as the index stays below 23,400. On the downside, support levels are observed at 23,150 and 23,000,” De said.Here are 2 stock recommendations for Friday: Stock Ideas

Market Trading Guide: Eicher Motors, BSE are among stock recommendations for Friday - Stock Ideas

In the IT sector, Kritech Technologies has outlined plans to invest ₹600 crore, while Bombay Hospital Trust has proposed a ₹700 crore investment to strengthen the healthcare infrastructure by establishing a world-class hospital in Nava Raipur.

Chhattisgarh Secures ₹6,000 Crore Investment Proposals At ‘Investor Connect Meet’ In Mumbai

The BSE Sensex rose 115.39 points (0.15%) to 76,520.38, and the Nifty 50 gained 50 points (0.22%) to 23,205.35, driven by pharma stocks and late gains in UltraTech Cement, which beat profit expectations. Nifty IT gained 1.8%, rising 4% in two sessions, driven by U.S. President Trump’s $500 billion AI infrastructure spending announcement, boosting the U.S.-focused sector.

Market Wrap: Sensex gains 115 pts, Nifty above 23,200 as IT and pharma stocks lift D-Street

The Nifty IT index closed 1.79 per cent at 43351.75.

Stock market update: Nifty IT index 1.79%

After a muted open, the markets held a positive momentum throughout the day.

Stock Market Highlights: Sensex, Nifty Log Two-Day Gains As UltraTech, IT Stocks Lead

Indian benchmark indices rose, driven by IT stocks and pharma gains. GoDigit Insurance, Zensar, Coforge, Pidilite, and Vardhman Textiles saw significant stock movements, while BPCL and IndiaMart dropped.

Gainers & Losers: Coforge, BPCL among 7 stocks in limelight on Thursday

If you’re surprised by the recent outperformance of IT sector stocks, recall October-November 2024. This was the period that saw the highest-ever selling by FIIs in a single month. Now, in which sectors do FIIs own most stakes? Financial services (including banks), the IT sector, and a few large manufacturing companies. In that phase of selling, it is IT stocks which saw less selling and least damage. So the question: Why did a sector that was underperforming three years and is over-owned by FIIs not see much decline in the brutal selling? Was it the first indication that, after a three-year hiatus, the worst had been priced in? Now, when the worst is priced in, any positive development has a much bigger impact on the positive side and that is what we are probably witnessing at this moment. Is it likely to continue? Probably yes. But make sure you have the right mix of large- and mid-cap IT stocks.

IT stocks: Comeback on a sustained basis? 6 large- and mid-cap IT stocks with an upside potential of up to 42%

Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices recovered from early losses and moved higher on Thursday, driven by gains in IT stocks, amid concerns over slowing corporate earnings. The BSE Sensex gained 0.33% to reach 76,657, while the NSE Nifty 50 rose 0.4% to 23,248, driven by IT stocks amid optimism over increased AI spending in the U.S.

Sensex Today | Stock Market LIVE Updates: Sensex erases early losses, trades over 200 pts higher; Nifty above 23,200; SMID indices outperform - The Economic Times

Axis Technology ETF objective is to provide returns before expenses that closely correspond to the total returns of the NIFTY IT Index subject to tracking errors

Axis NIFTY IT ETF

Average daily traded value of the ETF is high

Axis NIFTY IT ETF

Axis 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

FIIs maintain aggressive selling spree in Indian market, sell equities worth Rs 66,600 cr in Jan so far

F&O Talk| Nifty on 3-week losing streak, bearish momentum intensifies ahead of Budget: Sudeep Shah of SBI Securities

Stock Market Today: Nifty, Sensex Decline For Third Week As RIL, Trent Weigh; IT Stocks Outperform

Market Trading Guide: Eicher Motors, BSE are among stock recommendations for Friday - Stock Ideas

Chhattisgarh Secures ₹6,000 Crore Investment Proposals At ‘Investor Connect Meet’ In Mumbai

Market Wrap: Sensex gains 115 pts, Nifty above 23,200 as IT and pharma stocks lift D-Street

Stock market update: Nifty IT index 1.79%

Stock Market Highlights: Sensex, Nifty Log Two-Day Gains As UltraTech, IT Stocks Lead

Gainers & Losers: Coforge, BPCL among 7 stocks in limelight on Thursday

IT stocks: Comeback on a sustained basis? 6 large- and mid-cap IT stocks with an upside potential of up to 42%

Axis 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

FIIs maintain aggressive selling spree in Indian market, sell equities worth Rs 66,600 cr in Jan so far

F&O Talk| Nifty on 3-week losing streak, bearish momentum intensifies ahead of Budget: Sudeep Shah of SBI Securities

Stock Market Today: Nifty, Sensex Decline For Third Week As RIL, Trent Weigh; IT Stocks Outperform

Market Trading Guide: Eicher Motors, BSE are among stock recommendations for Friday - Stock Ideas

Chhattisgarh Secures ₹6,000 Crore Investment Proposals At ‘Investor Connect Meet’ In Mumbai

Market Wrap: Sensex gains 115 pts, Nifty above 23,200 as IT and pharma stocks lift D-Street

Stock market update: Nifty IT index 1.79%

Stock Market Highlights: Sensex, Nifty Log Two-Day Gains As UltraTech, IT Stocks Lead

Gainers & Losers: Coforge, BPCL among 7 stocks in limelight on Thursday

IT stocks: Comeback on a sustained basis? 6 large- and mid-cap IT stocks with an upside potential of up to 42%

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