NAVs advance sharply as mkts gain

Equity diversified NAVs ended strong with advance:decline ratio of 246:4, as the Nifty traded strong for the entire day in the range of 5110-5140 and closed above its psychological 5100 mark. Buying was seen in auto, banks, pharma, capital goods, FMCG and IT stocks. 
 
The 30-share BSE Sensex closed at 17102.60, up 108.11 points or 0.64% and the 50-share NSE Nifty went up 35.30 points or 0.69%, to settle at 5,092.15.

 

All sectoral funds advanced; the BSE Auto, Bank, Healthcare,FMCG and IT indices were up by 1.79%, 1.09%, 0.90%, 0.76% and 0.70% respectively.

 

Short term debt funds too ended with positive returns while long term debt funds closed mixed; their advance:decline ratio stood at 103:3 and 42:37, respectively.

• Equity diversified NAVs end strong
• All sectoral funds advance
• Short term debt funds end with positive returns
• Long term debt funds close 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

• Mirae Asset Global Commodity Stock Fund - Regular Plan (G) up 2.62%
• JM Agri & Infra Fund (G) up 1.96%
• JM Large Cap Fund (G) up 1.63%

Equity diversified: Top losers

• Tata Growing Economies Infrastructure Fund - Plan A (G) down 1.06%
• Tata Growing Economies Infrastructure Fund - Plan B (G) down 0.27%
• JM Small & Mid-Cap Fund - Regular Plan (G) down 0.17%

Tax saving funds: Top gainers

• JM Tax Gain Fund (G) up 1.21%
• IDFC Tax Saver (ELSS) Fund (G) up 1.20%
• IDFC Tax Advantage (ELSS) Fund (G) up 1.19%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• JM Financial Services Sector Fund (G) up 1.32%
• SBI Magnum FMCG Fund up 1.29%
• Franklin FMCG Fund (G) up 1.18%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 0.73%
• JM Basic Fund (G) down 0.19%

Balanced funds: Top gainers

• ICICI Pru Child Care Plan - Gift Plan up 0.98%
• Canara Robeco Balance (G) up 0.75%
• HDFC Prudence Fund (G) up 0.68%

Balanced funds: Top losers

• No Losers

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