ETF & Index Comparison

Is it possible that when the Sensex is up, say 200 points, then the ETF which is tracking the Sensex is down by, say 50 points. Can both move in the opposite direction at the same time ? Why is it so ?

it happens due to low volume in ETF.

I had explained it here

I think you have misread my post. Can the ETF and the Index which it tracks move in the opposite direction ?

The same answer applies. But to answer your question specifically, yes it can if the ETFs are illiquid. Here’s how a few ETFs have performed today

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This happened very briefly during March 2020. The reason attributed to it was market makers stepping away from the markets -

Also bond ETFs in US also faced similar problems -