NAVs close sharply lower on deep cuts in mkts

Equity diversified NAVs closed sharply lower with advance:decline ratio of 1:251, as the benchmark Sensex shed over 430 points at close following bearish trend across the globe on credit defaults in the Eurozone countries.

The 30-share BSE Sensex closed at 15,790.93, down 434.02 points or 2.68% and the 50-share NSE Nifty fell 2.61% or 126.70 points, to settle at 4,718.65.

All sectoral funds declined, as all the sectoral indices ended in the red. Metal, realty, oil & gas and banking were the major leading sectors in today's fall. Respective indices slipped 3-4.4%. However, Tata Power was the only gainer, up 0.8%.

However, long and short term debt funds ended higher; their advance:decline ratio stood at 68:13 and 86:11, respectively.

• Equity diversified NAVs close sharply lower
• All sectoral funds decline
• Long and short term debt funds end higher

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.74%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 4.54%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 4.26%
• Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 4.04%

Tax saving funds: Top gainers

• No Gainers

Tax saving funds: Top losers

• Religare AGILE Tax Fund (G) down 2.87%
• JM Tax Gain Fund (G) down 2.85%
• IDFC Tax Saver (ELSS) Fund (G) down 2.83%

Sector funds: Top gainers

• No Gainers

Sector funds: Top losers

• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) down 2.71%
• UTI-Transportation and Logistics Fund (G) down 2.68%
• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) down 2.67%

Balanced funds: Top gainers

• No Gainers

Balanced funds: Top losers

• ICICI Pru Child Care Plan - Gift Plan down 2.07%
• Baroda Pioneer Balance Fund (G) down 2.01%
• Principal Child Benefit Fund - Career Builder Plan down 1.95%

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