NAVs advance as markets end higher

The market remained in a consolidation phase for the second consecutive session on Wednesday, especially ahead of F&O expiry today. The session ended with BSE ending at 6,967.76, up 61.18 points while NSE went up 21.10 points to 5,141.90.

In the debt space, Long term funds saw no recovery and closed on negative bias. Meanwhile Short term funds maintained good performance with no decline. The debt market has turned bearish as the factors like rise in crude oil price, absence of OMO announcement from RBI and impending supply of G-Secs in the auction today affected the performance of debt funds .

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  JM Core 11 Fund (G) up 1.12%
*  HSBC Midcap Equity Fund (G) up 1.09%
*  Reliance Diversified Power Sector Fund - Retail Plan (G) up 1.03%

Equity funds: Top losers

*  Religare AGILE Fund (G) down 0.3%

Tax saving funds: Top gainers

*  IDFC Tax Advantage (ELSS) Fund (G) up 1.04%
*  Quantum Tax Saving Fund (G) up 0.74%
*  DWS Tax Saving Fund (G) up 0.73%

Tax saving funds: Top losers

* Religare AGILE Tax Fund (G) down 0.27%

Sector funds: Top gainers

* Sundaram Media & Entertainment Opportunities - Retail (G) up 1.47%
* Birla Sun Life New Millennium (G) up 1.08%
* ICICI Prudential Technology Fund (G) up 0.98%.

Sector funds: Top losers

*  No losers

Balanced funds: Top gainers

*  LIC NOMURA Balanced Fund - C (G) up 0.64%
*  SBI Magnum Balanced Fund (G) up 0.56%
*  Reliance Regular Savings Fund - Balanced Option (G) up 0.53%.

Balanced funds: Top losers

*  No losers

Debt funds: Top gainers

*  IDFC Ultra Short Term Fund (G) up 0.08%
*  Kotak Gilt Savings Plan (G) up 0.07%.

Debt funds: Top losers

*  Principal Income Fund - Long Term Plan (G) down 0.01%
*  L&T Gilt - Investment Plan (G) down 0.01%