Current price is close to the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

ETF has been able to closely match its benchmark's 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

Hyderabad (Telangana) [India], October 8: NxtWave, India’s premier EdTech platform for upskilling students and preparing them for industry, has achieved a significant milestone with over 2,000 companies hiring its graduates. This achievement underscores NxtWave’s mission of transforming India’s youth into a highly skilled tech workforce by training them in advanced 4.0 technologies such as Artificial Intelligence, Machine Learning, Cybersecurity, Full-Stack Development, and Data Science.

Over 2000 Companies Hire NxtWave Learners, Addressing the Talent Gap in India’s Booming IT Industry

The Nifty IT index closed 0.47 per cent up at 42387.55.

Stock market update: Nifty IT index advances 0.47%

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Deven Choksey of DRChoksey FinServ remains optimistic about Tata Motors, citing growth in commercial vehicles, despite weak JLR sales. M&M shows strong booking trends with a promising delivery schedule. Concerns surround Ola Electric’s profitability and mounting complaints. Nykaa’s beauty segment exhibits robust growth, while the IT sector continues to show structural improvements.

Optimistic about Tata Motors, M&M, in no hurry to buy Ola Electric: Deven Choksey

The Nifty IT index was trading 0.53 per cent down at 41967.7.

Stock market update: Nifty IT index falls 0.53% in an upbeat market

Cyberabad Police and IT industry leaders collaborate to tackle traffic congestion in Hitec City and Financial District.

Staggered work shifts, road improvements among strategies discussed to ease traffic congestion in Cyberabad

The outperformance of metal stocks and the indices is well known. But it is worth noting the performance of a number of IT stocks. They have not suffered the kind of cuts other sectors and stocks have witnessed. This is interesting if you take into account the fact that the Q2 earning season will be kicked off by large-cap IT companies. Going by what their managements have been saying, don’t expect major positive surprises. So what explains this relatively strong outperformance? And does it present an opportunity for short-term tactical trades or investments?

Only if you have the ability to be tactical, contrarian & nimble-footed. 7 IT stocks with an upside potential of up to 34% in 1 year

The key equity benchmarks extended their losing streak for the sixth consecutive session on Monday, as concerns over FIIs outflows and global geopolitical tensions weighed on investor sentiment. The broader market took a significant beating, with midcap and smallcap indices underperforming sharply. The Q2 earnings season is also approaching, with IT majors set to report results this week. Meanwhile, the RBI’s monetary policy meeting began today, further dampening investor sentiment. The Nifty closed below the 24,800 level after hitting the days high of 25,143 in early trade. IT shares bucked the broader sell off. PSU banks, energy and metal shares tumbled.

Geopolitical worries, FII outflows wreck market, Nifty ends below 24,800

The Nifty IT index closed 0.66 per cent up at 42190.6.

Stock market update: Nifty IT index advances 0.66%

Sensex and Nifty50 fell for the sixth consecutive session on Monday. Middle East tensions and softer corporate earnings expectations affected investor sentiment. Sensex dropped by 638 points and Nifty declined by 218 points. Adani Ports, NTPC, SBI, and Power Grid were the top laggards, while IT sector saw gains led by LTIMindtree and Mphasis.

Market Wrap: Sensex, Nifty close lower for sixth session amid Middle East tensions

The brokerage currently remains ‘Neutral’ on overall IT sector and remain selective with preference for LTIMindtee, Mphasis and within software, internet continue to like Nucleus, Paytm, Indiamart.

IT, Internet, Software, KPO Q2 Preview - Positive Seasonality, Rupee Depreciation To Expand OPM: Dolat Capital

ICICI Prudential IT ETF objective is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors