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Motilal Oswal Nasdaq Q50 ETF jumps 41% in a week even as underlying US stocks fall. What is happening?

1 month ago 16
The Motilal Oswal Nasdaq Q50 ETF surged 41% in a week even as the value of its underlying US stocks fell 2.6%, with its market price moving far above its NAV. The unusual premium has widened amid limited supply of ETF units and a recent change in SEBI’s price-band rules.
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