NAVs close lower as mkts decline

Equity diversified NAVs closed with negative bias and their advance:decline ratio stood at 53:199, as the markets ended lower on the back of profit booking in heavyweights. The sell-off in banking, oil & gas exploration, realty, auto and select pharma stocks kept the benchmark indices on the lower side. However, buying in technology, telecom, FMCG, power, oil marketing and select metal companies' shares capped the losses to some extent.

The 30-share BSE Sensex closed at 17,101.54, down 84.14 points or 0.49%. The 50-share NSE Nifty ended at 5,108.90, down 0.44% or 22.80 points.

On the sectoral front, banking funds declined while FMCG, pharma and technology funds advanced. The BSE Bankex was down by 1.18% while Healthcare, FMCG and IT indices gained 1.24%, 0.36% and 0.34%, respectively.

Long term debt funds ended lower while short term debt funds closed with positive returns; their advance:decline ratio stood at 14:63 and 63:30, respectively.

• Equity diversified NAVs close with negative bias
• Banking funds decline
• FMCG, pharma and technology funds advance
• Long term debt funds end lower
• Short term debt funds close with positive returns

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Sundaram BNP Paribas Media & Entertainment Opportunities - Retail (G) up 2.12%
• SBI Magnum Midcap Fund (G) up 1.52%
• Reliance Equity Opportunities Fund - Retail Plan (G) up 0.70%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 1.96%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 1.09%
• Tata Select Equity Fund (G) down 1.02%

Tax saving funds: Top gainers

• ING Tax Saving Fund (G) up 0.24%
• Reliance Equity Linked Saving Fund - Series I (G) up 0.24%
• DBS Chola Tax Advantage Fund - Series I (G) up 0.22%

Tax saving funds: Top losers

• JP Morgan India Tax Advantage Fund (G) down 0.58%
• Kotak Tax Saver (G) down 0.46%
• SBI Magnum Tax Gain Scheme (G) down 0.44%

Sector funds: Top gainers

• SBI Magnum Pharma Fund (G) up 2.48%
• Reliance Pharma Fund (G) up 1.73%
• SBI Magnum FMCG Fund up 1.55%

Sector funds: Top losers

• UTI-Transportation and Logistics Fund (G) down 1.11%
• UTI Banking Sector Fund (G) down 1.02%
• Religare Banking Fund - Regular Plan (G) down 0.87%

Balanced funds: Top gainers

• HDFC Childrens Gift Fund - Investment Plan up 0.33%
• HDFC Balanced Fund (G) up 0.21%
• DSP BlackRock Balanced Fund (G) up 0.10%

Balanced funds: Top losers

• JM Balanced Fund (G) down 0.83%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 0.45%
• UTI Balanced Fund (G) down 0.41%

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