NAVs close lower as markets decline

Equity diversified NAVs closed lower with advance:decline ratio of 14:234. The 30-share BSE Sensex closed at 16,327.84, down 101.07 points or 0.62% and the 50-share NSE Nifty fell 0.53% or 26.25 points to settle at 4,887.75. The broader indices were down 0.4-0.6%.

Heavyweight Reliance Industries was the main culprit behind this fall; the stock shut shop below the Rs 1000 level, down 3.35%.  Selling was also seen in metal, cement, capital goods, private power, realty and select technology companies' shares. However, buying in biggies like NTPC, HDFC Bank, Bharti Airtel, Infosys, HDFC and HUL capped the losses to some extent.

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

However, long and short term debt funds closed with positive returns; their advance:decline ratio stood at 66:15 and 85:10, respectively.

• Equity diversified NAVs close lower
• FMCG and pharma funds decline
• Banking funds advance
• Technology funds end mixed with negative bias
• Long and short term debt funds close with positive returns

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

Equity diversified: Top gainers

• Principal Global Opportunities Fund (G) up 1.25%
• Kotak Global Emerging Market Fund (G) up 1.01%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 0.87%

Equity diversified: Top losers

• Tata Growth Fund (G) down 1.35%
• Sundaram BNP Paribas S.M.I.L.E Fund - Regular Plan (G) down 1.3%
• JM Mid Cap Fund (G) down 1.26%

Tax saving funds: Top gainers

• ICICI Prudential R.I.G.H.T. Fund (G) up 0.19%
• Quantum Tax Saving Fund (G) up 0.13%
• Sahara Tax Gain (G) up 0.03%

Tax saving funds: Top losers

• Tata Infrastructure Tax Saving Fund (G) down 1.31%
• JM Equity Tax Saver Fund - Series I (G) down 0.95%
• Sundaram BNP Paribas Tax Saver (OE) (G) down 0.9%

Sector funds: Top gainers

• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) up 0.43%
• UTI Banking Sector Fund (G) up 0.34%
• Religare Banking Fund - Regular Plan (G) up 0.33%

Sector funds: Top losers

• Reliance Diversified Power Sector Fund - Retail Plan (G) down 0.66
• Birla Sun Life MNC Fund (G) down 0.56%
• UTI Energy Fund (G) down 0.56%

Balanced funds: Top gainers

• HDFC Prudence Fund (G) up 0.02%

Balanced funds: Top losers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 0.84%
• Tata Balanced Fund (G) down 0.82%
• Escorts Balanced Fund (G) down 0.75%

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