Mar 10, 2012, 11.52 AM IST

NAVs advanced as market ends higher

The markets delivered excellent performance in previous trading session led by short covering which fuelled the rally.The BSE benchmark advanced 357.72 points or 2.09%, to close at 17,503.24. Meanwhile, the NSE benchmark gained 113.10 points or 2.17% at 5,333.55.

Source: Moneycontrol.com

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The markets delivered excellent performance in previous trading session led by short covering which fuelled the rally. All the equity funds excelled and ended with positive returns with no decline seen in any category. Balanced funds too closed in a positive terrain.

Sector funds too felt positive vibes leading to funds ending in green. All the funds advanced witnessing no losers.

The BSE benchmark advanced 357.72 points or 2.09%, to close at 17,503.24. Meanwhile, the NSE benchmark gained 113.10 points or 2.17% at 5,333.55.

The debt funds however shared negative outlook led by rising crude oil prices. Long term category ended with negative returns with advance: decline ratio of 19: 53 for Long term funds and 7: 42 for Gilt long term. Meanwhile the Short term category ends mixed. The ratio recorded for Short term funds were 33: 36, 67: 2 for Ultra Short Term Debt and 13: 5Gilt Short Term

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

* JM Core 11 Fund (G) up 4.45%

* JM Basic Fund (G) up 3.68%

* Escorts Infrastructure Fund (G) up 2.94%

Equity funds: Top losers

* No Losers

Tax saving funds: Top gainers

* JM Tax Gain Fund (G) up 3.00%

* L&T Tax Advantage Fund - Series I (G) up 2.56%

* IDFC Tax Saver (ELSS) Fund (G) up 2.53%