NAVs close higher with adv:dec ratio of 159:88

Equity diversified NAVs ended higher with advance:decline ratio of 159:88, despite the markets closed marginally lower after seeing consolidation throughout the session. The sell-off in heavyweights like Reliance Industries, SBI, ICICI Bank, L&T, TCS, SAIL and Bharti Airtel forced the Sensex to close just below the 17,000 level. However, buying in realty, select FMCG, telecom, pharma, metal and power stocks along with Infosys capped the losses to some extent.

The broader indices outperformed the benchmark indices due to rally in shipping and select technology shares. The BSE Midcap Index was up 0.3% and the Smallcap was up 0.8%. The 30-share BSE Sensex closed at 16,998.78, down 51.87 points or 0.3% and the 50-share NSE Nifty was down 0.15% or 7.55 points, to settle at 5,054.70.

On the sectoral front, FMCG, pharma and technology funds advanced while banking funds ended mixed with negative bias.

• Equity diversified NAVs end higher
• FMCG, pharma and technology funds advance
• Banking funds end mixed with negative bias

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 1.49%
• SBI Magnum Midcap Fund (G) up 0.99%
• ICICI Pru Fusion Fund Series - II (G) up 0.92%

Equity diversified: Top losers

• No Losers

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 0.69%
• Religare AGILE Tax Fund (G) up 0.69%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 0.68%

Tax saving funds: Top losers

• Baroda Pioneer ELSS 96 down 0.66%
• JM Equity Tax Saver Fund - Series I (G) down 0.46%
• HDFC Long Term Advantage Fund (G) down 0.46%

Sector funds: Top gainers

• SBI Magnum FMCG Fund up 1.10%
• Birla Sun Life Basic Industries Fund (G) up 0.68%
• Franklin Pharma Fund (G) up 0.58%

Sector funds: Top losers

• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) down 0.60%
• Reliance Banking Fund (G) down 0.53%
• Reliance Media & Entertainment Fund (G) down 0.48%

Balanced funds: Top gainers

• Escorts Balanced Fund (G) up 0.82%
• Reliance Regular Savings Fund - Balanced Option (G) up 0.57%
• Birla Sun Life 95 Fund (G) Plan up 0.38%

Balanced funds: Top losers

• Templeton (I) Childrens Asset Plan - Gift Plan (G) down 0.30%
• HDFC Balanced Fund (G) down 0.30%
• Tata Young Citizens Fund down 0.28%

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