NAVs advanced as market ends higher

The market retained its up move showing a strong follow-up to the January rally. Large cap , Small and Mid cap and Equity diversified witnessed few losers while no losers were seen in ELSS, Index and Balanced fund categories.

The sectoral funds were also quite supportive and ended in green. Pharma & Healthcare, Banking & Finance and FMCG ended with no decline while a few were registered in Technology category.

Equity benchmarks closed at nearly two-month high. The Sensex rose 107.03 points, to close at 17,300.58 while Nifty was up by 36.45 points to 5,235.70. Experts however are skeptical of uptrend and expect correction in near time as the market rallied more than 11% in January.

In the debt market, all the funds in Long term and Short term category offering fixed and floating rate of interest continue to exhibit strong rally and registered no loser.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  Escorts Infrastructure Fund (G) up 2.67%
*  JM Core 11 Fund (G) up 2.52%
*  Sundaram Capex Opportunities Fund (G) up 2.15%

Equity funds: Top losers

*  Religare PSU Equity Fund (G) down 0.62%
*  SBI PSU Fund (G) down 0.60%
*  Sundaram Select Small Cap Fund (G) down 0.07%

Tax saving funds: Top gainers

*  L&T Tax Advantage Fund - Series I (G) up 1.57%
*  Escorts Tax Plan (G) up 1.38%
*  Tata Infrastructure Tax Saving Fund (G) up 1.18%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  Reliance Media & Entertainment Fund (G) up 1.67%
*  Sahara Power & Natural Resources Fund (G) up 1.61%
*  UTI Transportation and Logistics Fund (G) up 1.47%

Sector funds: Top losers

*  Reliance Natural Resources Fund (G) down 0.44%
*  Franklin Infotech Fund (G) down 0.05%
*  DSP BlackRock Technology.Com - Regular Plan (G) down 0.01%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 1.98%
*  HDFC Balanced Fund (G) up 0.88%
*  Reliance Regular Savings Fund - Balanced Option (G) up 0.88%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Kotak Bond (Regular Plan) (G) up 0.75%
*  Kotak Gilt Investment PF & Trust Plan (G) up 0.98%

Debt funds: Top losers

*  No Losers