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 not been able to generate better price return than bank FD

Return vs FD Rates

Entry Point

Indian stock markets opened higher for the second day, driven by gains in banking, IT, and energy stocks. Key performers included Maruti Suzuki, Zomato, and HDFC AMC, the latter rising nearly 4% after posting strong quarterly profits. Meanwhile, IRFC shares rallied following successful bidding for a significant project.

Energy, IT stocks lift Sensex over 250 points higher, Nifty tops 24,200

The Nifty IT Index shed 2.13% on Tuesday. Out of the 10 stocks in the IT Index, 8 declined and 2 advanced. LTI Mindtree tumbled 4.36% while L&T Technology Services and Persistent Systems fell 2.8% and 1.6%, respectively.

HCL Tech falls over 8% after muted outlook

Gains in both indices were capped by weakness in information technology and consumer goods stocks. HCL Technologies tumbled 8.6%, leading IT stocks lower after weaker-than-anticipated December quarter earnings.

Indices in green after 4 days, IT caps gains

Indian frontline indices broke their four-session losing streak after banks and auto stocks chipped in to be counted following massive selling pressure in IT stocks. The mood was upbeat also because the December CPI inflation eased to its four-month low of 5.22%. While the S&P BSE Sensex settled at 76,499.63, gaining by 169.62 points or 0.22%, the broader Nifty closed at 23,176.05, higher by 90.10 points or 0.39%.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities called the day’s trade as choppy as he decoded the Nifty chart highlighting the formation of a bullish Harami Cross pattern. “A bullish Harami pattern, especially after a significant correction, often signals a potential short-term recovery. The Nifty appears positive for the short term as long as it remains above 23,135. On the upside, it could move towards 23,400, and a decisive move above 23,400 may lead to higher levels,” De said. Stock Ideas

Market Trading Guide: Maruti Suzuki, SBI Life are among 4 stock recommendations for Wednesday - Stock Ideas

Indian headline indices broke a four-session losing streak due to gains in banks and auto stocks, despite pressure on IT stocks. The December CPI inflation eased to a four-month low, contributing to the positive market sentiment. Analysts highlighted the formation of a bullish Harami Cross pattern on the Nifty chart.

Ahead of Market: 10 things that will decide stock market action on Wednesday

After a 4-day losing streak, Indian benchmark indices turned positive on Tuesday, supported by PSU Banks, metals, and auto stocks. The Sensex and Nifty rose marginally, with the Nifty PSU Bank and Metal indices surging while the IT sector lagged.

Market Wrap: D-Street breaks 4-day losing streak, Sensex ends 169 points up, Nifty above 23,150

The Nifty IT index closed 2.13 per cent at 43061.20.

Stock market update: Nifty IT index 2.13%

Bluechip IT stocks saw decline in their market cap, while banks managed to regain value.

10 Most-Valued Companies Shed Rs 62,813 Crore In Market Cap

Indian equity markets rise, led by Adani Group; IT sector faces selling pressure; positive sentiment in broader market.

Markets extend recovery as Adani stocks lead rally; HCL Tech tumbles

Indian equity markets open higher on Tuesday, fueled by cooling inflation data and hopes for interest rate cuts.

Markets rebound after four-day slide; IT stocks under pressure

The Nifty IT index has performed better than the Nifty 50 over the past two years. The sector’s growth is aided by macroeconomic conditions improving and recent rate cuts. Analysts remain positive about the sector, expecting continued momentum into CY25. Largecap and midcap IT stocks are recommended for investment.

Nifty IT outperforms Nifty50 in 2 years. What to expect in CY25?

HDFC Nifty IT ETF objective is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY IT Index, subject to tracking errors

HDFC Nifty IT ETF

Average daily traded value of the ETF  is medium

HDFC Nifty IT ETF

HDFC 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

Energy, IT stocks lift Sensex over 250 points higher, Nifty tops 24,200

HCL Tech falls over 8% after muted outlook

Indices in green after 4 days, IT caps gains

Market Trading Guide: Maruti Suzuki, SBI Life are among 4 stock recommendations for Wednesday - Stock Ideas

Ahead of Market: 10 things that will decide stock market action on Wednesday

Market Wrap: D-Street breaks 4-day losing streak, Sensex ends 169 points up, Nifty above 23,150

Stock market update: Nifty IT index 2.13%

10 Most-Valued Companies Shed Rs 62,813 Crore In Market Cap

Markets extend recovery as Adani stocks lead rally; HCL Tech tumbles

Markets rebound after four-day slide; IT stocks under pressure

HDFC 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

Energy, IT stocks lift Sensex over 250 points higher, Nifty tops 24,200

HCL Tech falls over 8% after muted outlook

Indices in green after 4 days, IT caps gains

Market Trading Guide: Maruti Suzuki, SBI Life are among 4 stock recommendations for Wednesday - Stock Ideas

Ahead of Market: 10 things that will decide stock market action on Wednesday

Market Wrap: D-Street breaks 4-day losing streak, Sensex ends 169 points up, Nifty above 23,150

Stock market update: Nifty IT index 2.13%

10 Most-Valued Companies Shed Rs 62,813 Crore In Market Cap

Markets extend recovery as Adani stocks lead rally; HCL Tech tumbles

Markets rebound after four-day slide; IT stocks under pressure

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