NAVs advance sharply as markets rally

Equity diversified NAVs advanced sharply and their advance:decline ratio was at 225:5. The benchmark Nifty broke out on the upside after seeing consolidation for last eight sessions. Buying was seen across all the sectors in the last couple of hours of trade barring few stocks like Bharti Airtel, HDFC Bank, ACC, Wipro and Jaiprakash Associates.

The 30-share BSE Sensex closed at 17,383.18, up 218.19 points or 1.27% and the 50-share NSE Nifty rose 69.20 points or 1.35% to settle at 5,198.10.  The broader indices also rallied in line with the benchmark indices; the BSE Midcap Index was up 1% and the Smallcap was up 1.3%.

On the sectoral front, banking, pharma and technology funds advanced while FMCG funds ended mixed.

• Equity diversified NAVs advance sharply
• Banking, pharma and technology funds advance
• FMCG funds end mixed

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Bharti AXA Focused Infrastructure Fund (G) up 1.88%
• Bharti AXA Equity Fund - Retail Plan (G) up 1.78%
• Templeton India Growth Fund (G) up 1.78%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 0.87%
• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 0.48%
• Birla Sun Life International Equity Fund - Plan A (G) down 0.43%

Tax saving funds: Top gainers

• Birla Sun Life Tax Relief 96 (G) up 1.50%
• IDFC Tax Saver (ELSS) Fund (G) up 1.44%
• Religare AGILE Tax Fund (G) up 1.40%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• UTI-Transportation and Logistics Fund (G) up 1.71%
• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) up 1.36%
• Birla Sun Life Buy India Fund (G) up 1.19%

Sector funds: Top losers

• Franklin FMCG Fund (G) down 0.04%

Balanced funds: Top gainers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 1.27%
• ICICI Pru Child Care Plan - Gift Plan up 0.99%
• UTI Balanced Fund (G) up 0.89%

Balanced funds: Top losers

• Escorts Opportunities Fund (G) down 0.25%

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