NAVs advance sharply on markets' rally

Equity diversified NAVs advanced sharply and their advance:decline ratio stood at 248:4, as the markets staged strong performance after four days of consolidation. Buying across all the sectors helped the Sensex to rally over 240 points. The 30-share BSE Sensex closed at 17,227.68, up 244.54 points or 1.44% and the 50-share NSE Nifty rose 81.25 points or 1.6%, to settle at 5,147.95.

All sectoral funds advanced; the BSE Healthcare, FMCG, Bank and IT indices were up by 0.12%, 1.18%, 1.34% and 1.46%, respectively.

• Equity diversified NAVs advance sharply
• All sectoral funds advance

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Religare AGILE Fund (G) up 2.10%
• JM Small & Mid-Cap Fund - Regular Plan (G) up 2.00%
• UTI Contra Fund (G) up 1.81%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 1.56%
• Franklin Asian Equity Fund (G) down 0.38%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 0.32%

Tax saving funds: Top gainers

• Religare AGILE Tax Fund (G) up 1.83%
• Kotak Tax Saver (G) up 1.71%
• JM Equity Tax Saver Fund - Series I (G) up 1.70%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• JM Telecom Sector Fund (G) up 2.76%
• Reliance Media & Entertainment Fund (G) up 2.13%
• JM Basic Fund (G) up 2.00%

Sector funds: Top losers

• Franklin Pharma Fund (G) down 0.46%
• UTI Pharma & Healthcare Fund (G) down 0.03%

Balanced funds: Top gainers

• LIC MF Balanced Fund - C (G) up 1.49%
• JM Balanced Fund (G) up 1.46%
• Escorts Balanced Fund (G) up 1.26%

Balanced funds: Top losers

• No Losers

For more Mutual Fund News click here