|Bid||63.55 x 800|
|Ask||63.61 x 1000|
|Day's Range||61.51 - 63.65|
|52 Week Range||45.45 - 81.62|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||1.38%|
A month-and-a-half since the first phase of polling began and seven phases of polling were held between April 21 and May 19 in 542 constituencies across 29 states and seven union territories, India's parliamentary election results are being announced. The National Democratic Alliance, or NDA — with Modi's BJP as the lead party — has won or is leading in 353 of the 542 constituencies.
Exit polls indicate a strong win for the incumbent Prime Minister Narendra Modi, and his Bharatiya Janata Party, or BJP. If the polls are right -- and they've often been wrong, sometimes "Dewey Defeats Truman" wrong -- the BJP's coalition, the National Democratic Alliance, should win in a landslide. If the BJP performs particularly well, it may not even need any coalition partners to form a government.
Votes are still being counted in India, Asia's third-largest economy, but exit polls indicate Prime Minister Narendra Modi cruised to reelection in national elections held over the weekend. Count the Direxion Daily MSCI India Bull 3x Shares (NYSE: INDL) among the big winners in the India ETF arena on Monday. INDL, the marquee name among leveraged India ETFs, surged 12.65 percent on Monday.
Bouts of volatility and uncertainty have raised the appeal of leveraged and inverse leveraged ETFs in March for huge gains in a short span.
More investment growth in India could continue to boost the Direxion Daily MSCI India Bull 3x ETF (INDL) . India’s Central Statistics Office recently lowered its gross domestic product (GDP) estimate to 7 percent from 7.2 for 2019, which represents the lowest GDP growth within the last five years. A lack of growth in agriculture and government consumption have been dragging on the GDP estimate, but according to Money Control contributor Rajani Sinha, one positive sign is more investment growth.
More investment growth in India could continue to boost the Direxion Daily MSCI India Bull 3x ETF (INDL) , which rose 9.21 percent on Tuesday and another 2.71 percent during Wednesday's trading session. India's Central Statistics Office recently lowered its gross domestic product (GDP) estimate to 7 percent from 7.2 for 2019, which represents the lowest GDP growth within the last five years. A lack of growth in agriculture and government consumption have been dragging on the GDP estimate, but according to Money Control contributor Rajani Sinha, one positive sign is more investment growth.
Investors have shied away from Indian stocks ahead of the country's upcoming elections. Gain exposure to possible volatility using these three ETFs.
Investors seek to magnify returns on quick market turn and register big gains in a short span. As such, we have highlighted five leveraged/inverse ETFs that crushed the market in November with abnormal returns.
The MSCI Emerging Markets Index lost 2.16 percent Tuesday. That was just another day at the office for the downtrodden benchmark, which is now sporting a year-to-date loss of 16.21 percent. A slew of emerging ...
Shares prices in India, the world’s fastest growing large economy, fell on Wednesday and were on course for their worst month since February 2016 as the ongoing spat between the country’s government and central bank turned ugly. On Wednesday, Indian news outlets including CNBC-TV18 reported that Reserve Bank of India (RBI) Governor Urjit Patel is contemplating resigning from his position after the Indian government threatened to prevent the RBI from calling its own shots. The market's immediate reaction forced the government to release a statement stressing the central bank's independence. “The autonomy of the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement.
Last week's sell-off in U.S. equities is spilling over into the emerging markets space, leaving investors to wonder when the strategy for value-hunting in EM turns into outright avoidance. One ETF that has been benefitting from EM's unceremonious fall from its rise in 2017 is the Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) . EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
The International Monetary Fund's director of fiscal affairs Vitor Gasper said that global debt reached a new high in 2017, topping the $182 trillion mark, but also said that India's debt, in particular, is much less than global debt as a percentage of the world's gross domestic product (GDP)--a positive economic sign that could benefit the Direxion Daily MSCI India Bull 3x ETF (INDL) . "So, it is substantially less than the global debt as percentage of world GDP," Gasper said regarding India's debt, which is below the average of developed and emerging market economies.