MF NAVs close with positive returns as mkts gain

Equity diversified NAVs closed with positive returns as the markets ended with good gains amidst extreme volatility through the day on F&O expiry day for the month of June 2008. Advance:decline ratio of MF NAVs stood at 181:29. Buying interest has seen in late trade; the Nifty got back above 4300 mark. Biggest contributors were RIL, Infosys, HDFC, L&T, Wipro and ITC. IT, Oil & Gas, metal stocks gained while realty lost. The Sensex closed at 14,421.82, up 201.75 points or 1.42% after hitting an intraday high of 14,449.81 and low of 14,196.68. The Nifty scaled back to 4300 mark and finished at 4315.85, up 1.49% or 63.2 points. It has touched a high and low of 4324.75 and 4230.00, respectively.

All sectoral funds advanced. Balanced and tax saving funds also finished higher.

• Equity diversified NAVs close with positive returns
• All sectoral funds advance
• Balanced and tax saving funds finish higher

Among the equity diversified funds, the top gainers were Lotus India AGILE Fund (G) up 1.93%, Sundaram BNP Paribas Rural India Fund (G) up 1.66% and DWS Investment Opportunity Fund (G) up 1.45%. The top losers were JM Emerging Leaders Fund (G)  down  1.85%, JM Contra Fund (G)  down 1.76% and JM Small & Mid-Cap Fund - Regular Plan (G) down  1.59%.

Among the tax saving funds, the top gainers were  Lotus India AGILE Tax Fund (G)  up 1.66%,  DWS Tax Saving Fund (G)  up 1.50% and ABN AMRO Tax Advantage Plan (ELSS) (G)  up 1.48%. The top losers were Taurus Libra Tax Shield (G) down 0.80%, JM Tax Gain Fund (G)  down 0.71% and  ING Tax Saving Fund (G) down 0.44%.

Among the sector funds, the top gainers were  UTI Energy Fund (G) up 1.11%,  UTI MNC Fund (G)  up 0.96% and  Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G)  up 0.86%.  The  top losers were JM Telecom Sector Fund (G)  down  1.25% and Reliance Media & Entertainment Fund (G) down 1.02% and JM Basic Fund (G) down 0.66%.

Among the balanced funds, the top gainer were HDFC Balanced Fund (G) up 1.30% and Birla Sun Life Balance (G) up 1.18% and HDFC Childrens Gift Fund - Investment Plan  up 1.03%. The top losers were  Escorts Balanced Fund (G) down  0.62%, JM Balanced Fund (G)  down 0.39% and LIC MF Balanced Fund - C (G)  down 0.08%.

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