AI worries push Nifty IT ETFs down up to 21% in Feb, Nasdaq ETFs fall only 5%: Here’s why
The Nifty IT index closed February around 20% lower, while the tech-heavy Nasdaq declined only 4% during the same month. Experts highlighted structural differences in index composition as the reason for the divergence in the performance of ETFs benchmarked to the two indices. “The Nasdaq comprises hardware, platform and product-led technology companies which include AI…