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

Indian headline indices opened higher on Thursday, buoyed by global cues hinting at more US rate cuts, but ended the day near its lows after failing to sustain gains. They were weighed down by the pharma, IT and healthcare stocks. The Nifty50 index closed at 24,998.5, down by 0.07% or 16.5 points while the Sensex ended 0.18% higher at 81,611.4, up by 144 points.The index remained largely sideways throughout the day as the 25,000 level was mostly held, Rupak De, Senior Technical Analyst at LKP Securities. said, commenting on the day’s action. Decoding the Nifty chart structure, De said that Nifty has been failing to reclaim 50-EMA for the last two days which indicates prevailing weakness. “On the lower end, support is placed at 24,950–24,900. A fall below 24,900 could trigger a correction toward 24,750–24,700. On the other hand, resistance is seen at 25,150, and a move above this level could push the index towards 25,350–25,400 in the short term,” De said.Here are 3 stock recommendations for Friday: Stock Ideas

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Amid no clear indication for the market trend analysts expect 24,900 to act as support for Nifty 50 with resistance levels at 25,200.

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The new rules were put in place to curb a recent spurt in options trading by retail investors that the regulator and the government view as a risk to household finances

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Indian market witnessed selling pressure at higher levels on Thursday. The S&P BSE Sensex rose 144 points while the Nifty50 closed at 24,998, just below the 25,000 mark. Market Summary

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The National Stock Exchange will transition to offering only the Nifty 50 as a tradeable index following the discontinuation of selected weekly option contracts.

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Shares of Mazagon Dock closed 8.35% higher at Rs 4,428.35 apiece, compared to a 0.07% rise in the benchmark NSE Nifty.

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The domestic equity benchmarks ended with minor gains on Thursday. The market opened with gains on positive global cues, but struggled to maintain momentum as investors awaited US inflation data. The Nifty settled closed near the 25,000 level. Banks and financial stocks were in demand. On the other hand, pharma, healthcare and IT stocks declined.

Indices hold ground, awaiting US inflation data

Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.

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Six Tata companies- Tata Consultancy Services, Tata Steel, Tata Motors, Titan Company, Tata Consumer Products and Trent- are part of Nifty50 index have zoomed up to 1,500% in last 5 years.

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This move follows SEBI’s recent directive, which mandates exchanges to limit weekly options expiries to just one index per exchange, starting November 20.

New rules shake up NSE: Only Nifty 50 to offer weekly derivatives. Details inside

The Indian rupee depreciated 2 paise to close at 83.98 (provisional) against the US dollar on Thursday amid sustained foreign fund outflows and elevated crude oil prices. However, a marginal decline in the value of the greenback against overseas currencies, and rise in the domestic equity market supported the local unit and prevented further slide in the domestic unit. Indian benchmark indices ended higher amid volatility on October 10 with Nifty around 25,000. At close, the Sensex was up 144.31 points or 0.18 percent at 81,611.41, and the Nifty was up 16.50 points or 0.07 percent at 24,998.50. Investors await release of US CPI data for further cues on Federal rate path. At the interbank foreign exchange, the rupee opened at 83.95, registering a marginal rise of 1 paisa against the US dollar, and traded in a tight range of 83.95-83.98. It settled at 83.98 (provisional), 2 paise lower than Wednesday’s close of 83.96.

INR ends marginally lower; Positive equities limit downside

Invesco India Nifty ETF objective is to provide returns before expenses that closely correspond to the total returns of the S&P CNX Nifty Index subject to tracking errors