Jun 30, 2012 11:16 AM IST | Source: Moneycontrol.com

Equity NAVs ends in green after a strong market surge

Equity Mutual funds end strong as Benchmarks rallied by more than 2.5% in yesterday trading session. The BSE benchmark gained 439.22 points or 2.59% to close at 17,429.98. Meanwhile, the NSE benchmark rose 129.75 points or 2.52% to 5,278.90.

Equity NAVs ends in green after a strong market surge

Equity Mutual funds end strong as Benchmarks rallied by more than 2.5% in yesterday's trading session. All funds in Equity and Balanced category were seen in green with no decline. The sectoral funds too followed the same suit no decline in any of its category.

The sharp rally in the global markets after the first positive day of European summit led the Indian market to gain. The BSE benchmark gained 439.22 points (biggest closing gains in the year 2012) or 2.59% to close at 17,429.98. Meanwhile, the NSE benchmark rose 129.75 points or 2.52% to 5,278.90.

The debt funds, on the other hand, continue to be under pressure. The debt long term and Gilt long term ends with the advance: decline ratio of 53: 22 and 7: 42 respectively. Meanwhile Short term category deliver decent performance with the ratio recorded for Debt Short Term- 69: 2, Gilt Short Term – 9: 7, and Ultra Short Term Debt- 69: 1.

Check out all mutual fund gainers & losers

Here is the day's performance and the gainers and losers across categories.

 Equity funds: Top gainers

*  Goldman Sachs Infrastructure Exchange Traded Scheme up 3.17%

*  Reliance Infrastructure Fund - Retail Plan (G) up 3.13%

*  Escorts Power and Energy Fund (G) up 3.10%

Equity funds: Top losers

*  No Losers

Tax saving funds: Top gainers

*  Birla Sun Life Tax Plan (G) up 2.69%

*  Birla Sun Life Tax Relief 96 (G) up 2.66%

*  L&T Tax Saver Fund (G) up 2.48%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Reliance Banking Exchange Traded Fund up 3.31%

*  UTI Banking Sector Fund (G) up 3.30%

*  Religare Banking Fund - Regular Plan (G) up 2.85%

Sector funds: Top losers

*  No Losers

Balanced funds: Top gainers

*  Sundaram Balanced Fund - Regular Plan (G) up 1.93%

*  Baroda Pioneer Balance Fund (G) up 1.86%

*  JM Balanced Fund (G) up 1.85%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  HDFC Floating Rate Income Fund - LTP (G) up 0.09%

*  UTI G-Sec Fund - Short Term Plan (G) up 0.02%

Debt funds: Top losers

*  Kotak Bond (Regular Plan) (G) down 0.01%

*  Baroda Pioneer Gilt Fund (G) down 0.01%

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