NAVs close higher as mkts gain

Equity diversified NAVs closed higher with advance:decline ratio of 238:10, as the benchmark Nifty recouped Tuesday's losses, led by technology, metal, oil & gas, auto, cement and realty companies' shares. ICICI Bank, L&T and ITC were the other gainers.  However, the sell-off was seen in telecom companies' shares along with HDFC, HDFC Bank, Axis Bank, SBI, BHEL, HUL, NTPC, Sun Pharma, ABB and Cipla.

The 30-share BSE Sensex closed at 17,977.23, up 99.09 points or 0.55% and the 50-share NSE Nifty rose 31.35 points or 0.58% to settle at 5,399.35.

On the sectoral front, technology funds advanced while pharma funds declined; banking and FMCG funds ended mixed.

Short term debt funds ended marginally higher while long term debt funds declined; their advance:decline ratio stood at 61:38 & 21:52, respectively.

• Equity diversified NAVs close higher
• Technology funds advance
• Pharma funds decline
• Banking and FMCG funds end mixed
• Short term debt funds end marginally higher
• Long term debt funds decline

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 2.19%
• Principal Global Opportunities Fund (G) up 1.60%
• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) up 1.55%

Equity diversified: Top losers

• JM HI FI Fund (G) down 0.25%
• Religare Equity Fund (G) down 0.24%
• AIG India Equity Fund - Regular Plan (G) down 0.19%

Tax saving funds: Top gainers

• HSBC Tax Saver Equity Fund (G) up 1.10%
• Religare AGILE Tax Fund (G) up 1.03%
• Sahara Tax Gain (G) up 0.86%

Tax saving funds: Top losers

• ICICI Prudential R.I.G.H.T. Fund (G) down 0.09%
• Reliance Equity Linked Saving Fund - Series I (G) down 0.07%

Sector funds: Top gainers

• UTI Transportation and Logistics Fund (G) up 1.20%
• JM Basic Fund (G) up 0.97%
• Reliance Diversified Power Sector Fund - Retail Plan (G) up 0.63%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 0.61%
• Reliance Pharma Fund (G) down 0.41%
• Franklin Pharma Fund (G) down 0.37%

Balanced funds: Top gainers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 0.67%
• Escorts Balanced Fund (G) up 0.63%
• JM Balanced Fund (G) up 0.63%

Balanced funds: Top losers

• No Losers

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