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Mar 31, 2011, 01.35 PM IST
The opening bell ringing heralds MOSt Shares NASDAQ 100, India’s first US Equities based ETF tracking the NASDAQ-100 Index, listing on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today.
A unit opened at Rs 104.85 on the National Stock Exchange and touched a high of Rs 105 and low of Rs 94.10. It was trading at Rs 99.90, down 4%. India’s first US Equities based ETF tracking the NASDAQ-100 Index, MOSt Shares NASDAQ 100 provides Indian investors with an exposure to top 100 US and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization. NASDAQ-100 Index is developed and maintained by The NASDAQ OMX Group, the world's largest exchange company. With MOSt Shares NASDAQ 100 listing on BSE and NSE, investors can now trade the ETF’s unit in a single unit lot size, in real-time and during Indian market hours. MOSt Shares NASDAQ 100 joins the global family of NASDAQ-100 Exchange Traded Funds listed across Americas, Europe and Asia. The ETF is currently Asia’s largest NASDAQ-100 Index ETF based on assets under management.(source: NASDAQ OMX).
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