India's exchange-traded funds that mirror US equities experienced a surprising spike, with gains from six to thirty-seven percent over two days, despite Wall Street remaining relatively unchanged. This significant upswing has been attributed to a recent adjustment by Sebi regarding circuit limit calculations. The new methodology enhances conformity between global and domestic ETF limits, resulting in expanded price variability.

India's exchange-traded funds that mirror US equities experienced a surprising spike, with gains from six to thirty-seven percent over two days, despite Wall Street remaining…

India-listed US ETFs are trading at steep premiums to their indicative NAVs, with some reaching 65%. The divergence appears driven by limited supply due to overseas investment…