IT ETFs Rise 3.5% as Gold, Silver, Defence ETFs Slip; Liquid Funds Flat

Mumbai, Oct 13: Mumbai, Oct 13: Indian IT-related ETFs have posted significant gains today, while gold, silver and defence ETFs are falling. All 10 IT ETFs are trading higher as of now. Of the 26 gold ETFs, 22 are trading lower, while all 19 silver ETFs are in the red. All three defence ETFs are also down. Liquid funds remain unchanged. NiftyBeES, which tracks the Nifty 50 index, is trading 0.89% higher at Rs 256.92. 

IT stocks have gained after TCS and HCLTech announced their quarterly results. The Nifty IT index rose more than 3% in the morning session, with all 10 of its constituent stocks trading in the green. Meanwhile, the price of domestic 24-carat gold fell 1.12% to Rs 14,929 per gram. 

Gold ETFs Slip Marginally 

Of the 26 gold ETFs, 22 are lower, three are higher and one is flat. The highest traded Gold ETF by traded value is GoldBeES, which declined by 0.10 percent to Rs. 121.12. It traded a volume worth Rs. 112.30 Crores today. LICMFGOLD was the worst performer, falling 0.53 percent to Rs. 131.80. TWCGOLDETF gained 0.50 percent to Rs. 147.00, but only 503 units traded. GoldBeES has lost 3.10 percent over the past 30 days but is up 20.43 percent over the past year. 

Check out the list of Gold ETFs in India: https://hdfcsky.com/etf/gold-etf  

Silver ETFs Fall More Than Gold ETFs 

All 19 Silver ETFs are in negative territory. The typical silver ETF is down about 0.27 percent, roughly twice the fall in the typical gold ETF. SilverBeES is the highest traded by value at Rs. 107.27 Crores and is down 0.27 percent at Rs. 208.08. MOSILVER fell the most, by 0.40 percent to Rs. 215.29. Silver ETFs traded Rs. 156.80 Crores, less than gold ETFs at Rs. 182.25 Crores. SilverBeES is down 3.73 percent over the past 30 days but is up 35.55 percent over the past year. 

Check out the list of Silver ETFs in India: https://hdfcsky.com/etf/silver-etf  

IT ETFs Surge 

All 10 IT ETFs are trading higher, gaining between 1.34 percent and 3.92 percent. ITBEES was the highest traded ETF by value at Rs. 46.67 Crores and is up 3.46 percent to Rs. 32.55. TECH was the best performer, rising 3.92 percent to Rs. 32.09. NiftyBeES is up 0.89 percent, so IT ETFs are rising nearly four times as fast. The sector remains weak over longer periods, however. ITBEES is down 2.21 percent over the past 30 days and 18.88 percent over the past year. 

Defence ETFs Lag the Market 

All three Defence ETFs are trading lower even as NiftyBeES gains. MODEFENCE is the highest traded at Rs. 3.89 Crores and is down 0.12 percent to Rs. 99.85. All three together traded just Rs. 5.16 Crores. Defence ETFs have lost between 6.33 and 7.09 percent over the past 30 days, a steeper fall than the 4.67 percent drop in NiftyBeES. 

Liquid ETFs Stay Flat 

As always, Liquid ETFs are little changed. Out of the 20 Liquid ETFs, 14 are marginally higher and 6 are flat. LiquidBeES was the highest traded Liquid fund at Rs. 90.76 Crores and is unchanged at Rs. 1,000.00. All the Liquid ETFs traded Rs. 219.21 Crores, almost 4 times what IT ETFs traded at Rs. 55.18 Crores. 

ETF Snapshot: Gold, Silver, IT, Defence, Liquid 

Source

• https://www.nseindia.com/market-data/exchange-traded-funds-etf 

IT ETFs jumped on strong TCS and HCLTech results, while gold and silver ETFs slipped, with silver falling about twice as much. Defence ETFs lagged the market and Liquid ETFs remained unchanged as usual.