NAVs close strong as markets gain

Equity diversified NAVs closed strong with advance:decline ratio of 226:27, as the benchmark Nifty crossed another milestone today and closed at fresh 31-month high, led by technology, auto, cement and metal shares along with heavyweights Reliance Industries, L&T, ONGC and NTPC. It stayed above the 5600 mark for first time since January 18, 2008, despite weak European cues.

The 30-share BSE Sensex closed at 18645.06, up 85.01 points or 0.46% and the 50-share NSE Nifty rose 27.05 points or 0.49% to settle at 5604.

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

Long and short term debt funds also ended higher; their advance:decline ratio stood at 78:5 & 111:0, respectively.

• Equity diversified NAVs close strong
• Technology funds advance
• Banking, FMCG and pharma 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

• SBI Magnum Comma Fund (G) up 1.40%
• ICICI Pru Indo Asia Equity Fund - Retail Plan (G) up 1.06%
• Tata Capital Builder Fund (G) up 1.04%

Equity diversified: Top losers

• Birla Sun Life Midcap Fund - Plan B (G) down 0.33%
• DSP BlackRock Focus 25 Fund (G) down 0.31%
• Canara Robeco Multicap (G) down 0.31%

Tax saving funds: Top gainers

• UTI Long Term Advantage Fund (G) up 0.91%
• UTI Long Term Advantage Fund - Series II (G) up 0.68%
• Principal Tax Savings Fund up 0.57%

Tax saving funds: Top losers

• JM Tax Gain Fund (G) down 0.18%
• Sahara Tax Gain (G) down 0.16%
• Religare AGILE Tax Fund (G) down 0.14%

Sector funds: Top gainers

• Reliance Media & Entertainment Fund (G) up 0.67%
• Reliance Diversified Power Sector Fund - Retail Plan (G) up 0.50%
• UTI MNC Fund (G) up 0.31%

Sector funds: Top losers

• SBI Magnum FMCG Fund down 0.73%
• SBI Magnum Pharma Fund (G) down 0.57%
• Reliance Pharma Fund (G) down 0.50%

Balanced funds: Top gainers

• ICICI Pru Child Care Plan - Gift Plan up 0.50%
• ICICI Pru Child Care Plan - Gift Plan up 0.42%
• UTI Childrens Career Balanced Plan up 0.42%

Balanced funds: Top losers

• DSP BlackRock Balanced Fund (G) down 0.12%
• JM Balanced Fund (G) down 0.12%
• Reliance Regular Savings Fund - Balanced Option (G) down 0.12%

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