On April 16, 2024, we saw a huge rise in InfraBees ETF and AutoBees ETF share price.
The surprising thing is that this movement came after 3:00 PM. After all, what were the reasons why this movement came and how big it was, we will talk about it today.
If you invest in Nifty InfraBees, you are investing in the index of India’s most reputed and best infrastructure companies.
If you invest in Nifty AutoBees ETF, you will invest in India’s prestigious and best auto sector index.
There was a huge movement in Nifty Infrastructure ETF after 3 o’clock. If we talk, around 3:00 InfraBees share price price was moving at 863 INR.
But within half an hour its price went up to 1044.85 INR. If we talk about percentage, the movement was around 15%.
We also saw a huge movement in Nifty AutoBees ETF and its time was also at 3:00 pm, which we also saw in Nifty InfraBees ETF.
If we talk about its price movement, then at 3:00 PM AutoBees share price was 220.35 INR, which went up to 229.50 INR within half an hour.
If we talk in percentage, this movement was not as much as that of Nifty InfraBees ETF but still, it was a movement of more than 5% which is seen only in this ETF and in such a short period.
Time durations | 1 week | 1 month | 1 year | 3 year | 5 year | all time |
Returns | -1.01% | +2.61% | +70.91% | +105.60% | +179.61% | +109.76% |
Time durations | 1 week | 1 month | 1 year | 3 year | 5 year | all time |
Returns | +0.37% | +7.56% | +72.20% | +89.07% | +89.07% | +89.07% |
Note- Data can change from time to time. For the latest data click here.
This kind of movement cannot be seen in such a short period in any ETF. We do not see any reason for these two ETFs to make such a big movement because the companies in which they invest are not big enough that their big impact can be seen in these ETFs.
Now it is also possible that someone may have suddenly invested a huge amount in these ETFs after seeing the market falling.
It is also possible that such a big movement could be an error that has occurred in the ETF chart. However, the possibility of error with this method is very low.
So if we talk about the practical reason why there was such a big movement in these two, we conclude that some investors have made a huge investment in these two ETFs.
If we summarise this article, we can see these points.
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