Gold and silver ETFs drove 55% of NSE turnover in Diwali week
In short
Nippon India Mutual Fund’s gold and silver ETFs made up 55% of the NSE’s average daily turnover during the Diwali period. Together, they recorded ₹806 crore in trading.
That shows strong festive interest in gold and silver funds. It also means these ETFs were a big part of market activity that week.
What the reporting says
Nippon India Mutual Fund’s gold and silver ETFs accounted for 55% of average daily turnover on the NSE during the Diwali period, with combined trading of ₹806 crore. The reported flow into these ETFs shows strong festive demand for bullion-linked funds.
Why it matters
Nippon India Mutual Fund’s gold and silver ETFs accounted for 55% of average daily turnover on the NSE during the Diwali period, with combined trading of ₹806 crore. The numbers point to a sharp festive-season concentration in bullion ETF activity and show these products dominating market turnover for that week.