NAVs advance sharply on positive mkts' cues

Equity diversified NAVs ended strong with advance:decline ratio of 230:1, as the benchmark indices showed spectacular performance after seeing a downfall over 10% in last few sessions. All sectoral indices ended in the green. Huge buying in metal, realty, infrastructure, banking and oil & gas nudged the Nifty to claw back successfully above the 4100 mark.

The broader indices outperformed the benchmark indices; the BSE Midcap and Smallcap indices gained 4-4.5%. The 30-share BSE Sensex surged 453.38 points or 3.38%, to settle at 13,853.70 and the 50-share NSE Nifty shut shop at 4111.40, up 3.46% or 137.35 points.

All sectoral funds advanced; BSE Bank, IT, Healthcare and FMCG indices were up by 3.69%, 2.63%, 1.95% and 1.09%, respectively.

Short term debt funds ended with positive returns while long term debt funds with negative returns; their advance:decline ratio stood at 64:26 and 25:53, respectively.

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

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• JM HI FI Fund (G) up 6.70%
• JM Agri & Infra Fund (G) up 6.54%
• JM Contra Fund (G) up 5.40%

Equity diversified: Top losers

• Tata Growing Economies Infrastructure Fund - Plan A (G) down 0.46%
• ICICI Pru Indo Asia Equity Fund - Retail Plan (G) down 0.54%
• Taurus Infrastructure Fund (G) down 0.93%

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 5.83%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 5.83%
• JM Tax Gain Fund (G) up 4.47%

Sector funds: Top gainers

• JM Financial Services Sector Fund (G) up 7.24%
• Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) up 4.76%
• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) up 4.54%

Balanced funds: Top gainers

• Kotak Dynamic Asset Allocation (G) up 4.40%
• LIC MF Balanced Fund - C (G) up 3.02%
• Baroda Pioneer Balance Fund (G) up 2.86%

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