NAVs advance as markets end higher

The sectoral categories too followed the same suit with majority of funds ending in green.

The market shrugged off gloomy trade deficit data and gave thumbs up to lower than expected monthly inflation data. The Sensex shuts shop at 17728.20 up 94.75 points or 0.54% and the Nifty closed at 5380.35 up 32.45 points or 0.61%.

The performance of debt funds however declined as bonds market were trading lower due to profit booking and higher core inflation.

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

Equity funds: Top gainers

*  HDFC Infrastructure Fund (G) up 1.26%
*  Kotak Contra (G) up 1.24%
*  Franklin India High Growth Companies Fund (G) up 1.21%

Equity funds: Top losers

*  Escorts Leading Sectors Fund (G) down 0.01%
*  Reliance Small Cap Fund (G) down 0.01%

Tax saving funds: Top gainers

*  L&T Tax Advantage Fund - Series I (G) up 1.09%
*  ICICI Prudential R.I.G.H.T. Fund (G) up 0.99%
*  HDFC Tax Saver (G) up 0.88%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  UTI Banking Sector Fund (G) up 1.28%
*  ICICI Prudential Technology Fund (G) up 1.21%
*  Reliance Banking Exchange Traded Fund up 1.11%

Sector funds: Top losers

*  UTI Pharma & Healthcare Fund (G) down 0.32%
*  Reliance Natural Resources Fund (G) down 0.12%
*  SBI Magnum Pharma Fund (G) down 0.06%

Balanced funds: Top gainers

*  ICICI Prudential Balanced Fund (G) up 1.04%
*  HDFC Prudence Fund (G) up 0.71%
*  HDFC Balanced Fund (G) up 0.67%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Escorts Income Plan (G) up 0.09%
*  ING Gilt Fund - PF Dynamic Plan (G) up 0.18%

Debt funds: Top losers

*  ICICI Prudential Short Term Plan (G) down 0.01%
*  Tata Gilt Securities - Short Maturity Fund (G) down 0.01%