Market Supply and Demand: Increased buying pressure raises the ETF price, while increased selling pressure lowers it. Supply and demand are influenced by investor sentiment, news, and market trends.

Underlying Index Performance: AXISTECETF.NSE tracks a technology index; its performance directly influences the ETF's price. Positive performance of the index leads to a rise in the ETF's price and vice-versa.

Expense Ratio and Tracking Error: Higher expense ratios and tracking errors can detract from the ETF's returns and potentially lower its price compared to its Net Asset Value NAV. Lower expense ratios can attract investors.

Economic Factors: Overall economic conditions, interest rates, inflation, and geopolitical events impact the technology sector and thus indirectly influence the ETF's price. Strong economic growth typically supports the technology sector.

Global Tech Sector Performance: Global trends in the technology sector, including innovation, competition, and regulatory changes, can impact investor sentiment and the ETF's price.

Regulatory Changes: Changes in government regulations, especially those affecting the technology industry can impact the ETF's prospects and price.

Investor Sentiment: Investor perceptions of the future prospects of the technology sector, the Indian economy, and the ETF itself influence buying and selling decisions, affecting price.

Liquidity of the ETF: Higher liquidity in the ETF makes it easier for investors to buy and sell shares without significantly impacting the price. Lower liquidity can lead to wider bid-ask spreads and price volatility.

NAV Net Asset Value: The NAV is the value of the ETF's holdings minus its liabilities. The ETF price tends to trade around its NAV, however this is not always exact.