CPSE ETF debuts; surges over 10%

Shares of the CPSE Exchange Traded Fund (ETF) rose by over 10 per cent on the first day of trade today.

The shares of Goldman Sachs Mutual Fund- CPSE ETF opened the day on a positive note and further gained 10.31 per cent to Rs 19.25, against its issue price of Rs 17.45 at the NSE.

The CPSE ETF opened at Rs 18 and touched a high of Rs 19.25 so far.

More than six crore shares of the company changed hands at the NSE during the morning trade.

The CPSE ETF basket consists of shares of 10 PSUs and provides an opportunity for investors to become shareholders of Oil & Natural Gas Corp, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Need to rein in profligate promoters in low margin airline business

    With the media and industry searchlight trained hard on SpiceJet, it is easy to forget that it may be, at worst, a symptom, not the real malaise itsel

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture