NAVs advance sharply as mkts end strong

Published on Sat, Jul 04, 2009 at 00:30 |  Source : Moneycontrol.com

Updated at Sat, Jul 04, 2009 at 12:15  

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NAVs advance sharply as mkts end strong

Equity diversified NAVs ended higher with advance:decline ratio of 226:10, as the benchmark indices closed the last session before the Union Budget on Monday on a strong note. Buying in financial, infrastructure, pharma and select oil & gas stocks along with Bharti helped the markets to post smart rally.

The 30-share BSE Sensex surged 254.56 points or 1.74%, to settle at 14,913.05. The 50-share NSE Nifty closed at 4,424.25, up 1.73% or 75.40 points.

On the sectoral front, banking, FMCG and pharma funds advanced while technology funds ended mixed with positive bias. BSE Bank, Healthcare, FMCG and IT indices were up by 2.19%, 1.8%, 0.42% and 0.24%, respectively.

  • Equity diversified NAVs end higher
  • Banking, FMCG and pharma funds advance
  • Technology funds end mixed with positive bias

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

  • LIC MF Growth Fund (G) up 2.08%
  • ICICI Pru Services Industries Fund (G) up 1.99%
  • LIC MF Equity Fund (G) up 1.97%

Equity diversified: Top losers

  • Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 2.95%
  • Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 2.39%
  • Birla Sun Life International Equity Fund - Plan A (G) down 2.27%

Tax saving funds: Top gainers

  • LIC MF Tax Plan (G) up 1.99%
  • Edelweiss ELSS Fund (G) up 1.70%
  • Fortis Tax Advantage Plan (ELSS) (G) up 1.62%

Sector funds: Top gainers

  • Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) up 2.39%
  • UTI Banking Sector Fund (G) up 2.33%
  • ICICI Pru Banking & Financial Services Fund - Retail Plan (G) up 2.26%

Sector funds: Top losers

  • Tata Life Sciences & Technology Fund (G) down 0.54%
  • ICICI Pru Technology Fund (G) down 0.22%
  • UTI-Transportation and Logistics Fund (G) down 0.20%

Balanced funds: Top gainers

  • Kotak Dynamic Asset Allocation (G) up 2.23%
  • Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 1.52%
  • UTI Balanced Fund (G) up 1.24%

For more Mutual Fund News click here

  

Entities: BSE Sensex, Nifty
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