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India makes 22 ETF good future debut, 0.9% higher than the price | Business

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India makes 22 ETF good future debut, 0.9% higher than the price.

22 ETFs from India after a spectacular debut in the BSE closed at an edge of more than 3.5% on Tuesday. However, some investors have lost nfo, but many experts recommend investment in the long term.

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India 22 exchange traded funds (ETF) listed at Rs 36.30 per unit on BSE, a premium of 0.92% on its issue price of Rs 35.97 per unit. On the national stock exchange (NSE), 0.39% higher was opened at Rs 36.11 per unit.

In 9:53; was trading at Rs 37.19, 3.4% higher against its issue price. High hit of Rs 37.40 on the NSE and 37.36 Rs on the BSE so far. A combined 179.98 million shares exchanged hands in the stock exchanges of both until now.

Oil and Natural Gas Corporation (ONGC), eviction, SJVN, Power Grid Corporation and national aluminum company between the index of S * P EEB Bharat 22 fell more than 1%, while Bharat Electronics, axis Bank Gail India were trade and older up to 1%

The ETF of 22 India has been included in group B BSE of securities with the scrip code 54078

Earlier, the government raised Rs 14.5 billion rupees through the Bharat-22 ETFs. The ETF saw offers of almost Rs 32,000 crore to come, with FIIs bidding for a third of the money.

The Bharat 22 ETF is a unique mix of Central Public Sector (CPSEs) shares, key public sector banks (subsidiaries) and also shares government in private companies such as Larsen  Toubro (L& T), Axle Bank and the CCI.

The shares of government companies represent six basic sectors of the economy – finance, industry, energy, public services, fast moving consumer goods (FMCG) and basic materials, making the broad and diversified base index.

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