May 18, 2010, 10.55 AM IST

NAVs close with negative returns

Equity diversified NAVs closed lower with advance:decline ratio of 22:226 as the benchmark indices, Sensex and Nifty ended in red with marginal loss of 0.97% and 0.6% respectively, ending a volatile session for the markets.

Source: Moneycontrol.com
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NAVs close with negative returns

Equity diversified NAVs closed lower with advance:decline ratio of 22:226 as the benchmark indices, Sensex and Nifty ended in red with marginal loss of 0.97% and 0.6% respectively, ending a volatile session for the markets. However, things ended on a much optimistic note as at one point in trade, the indices nose-dived close to 3%.


 


The 30-share BSE Sensex closed at 16829.82, down 164.78 points and the 50-share NSE Nifty fell 33.60 points to 5059.90.


 


On the sectoral front, banking, technology funds declined. FMCG, MNC, Pharma funds advanced while other sector funds ended mixed.


 


Long and short term debt funds closed with positive returns; their advance:decline ratio stood at 78:4 and 109:0, respectively.


  • Equity diversified NAVs decline
  • Banking, technology funds declined
  • FMCG, MNC, Pharma funds advanced
  • Long and short term debt funds finish 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


  • AIG Infrastructure and Economic Reform Fund - Regular Plan (G) up 1.07%
  • Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.96%
  • Sahara Wealth Plus - Variable Pricing Option (G) up 0.34%
Equity diversified: Top losers


  • Principal Global Opportunities Fund (G) down 1.84%
  • Franklin Asian Equity Fund (G) down 2.10%
  • Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 2.74%
Tax saving funds: Top gainers


  • Reliance Tax Saver (ELSS) Fund (G) up 0.34%
Tax saving funds: Top losers


  • Birla Sun Life Tax Plan (G) down 1.43%
  • ING Tax Saving Fund (G) down 1.19%
  • Sundaram BNP Paribas Tax Saver (OE) (G) down 1.02%
Sector funds: Top gainers


  • SBI Magnum FMCG Fund up 0.68%
  • Franklin FMCG Fund (G) up 0.52%
  • UTI Pharma & Healthcare Fund (G) up 0.49%
Sector funds: Top losers


  • JM Basic Fund (G) down 1.22%
  • UTI Services Industries Fund (G) down 1.08%
  • Birla Sun Life Basic Industries Fund (G) down 1.07%
Balanced funds: Top gainers


  • HDFC Prudence Fund (G) up 0.07%
  • Escorts Opportunities Fund (G) up 0.01%
Balanced funds: Top losers


  • Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 0.91%
  • Baroda Pioneer Balance Fund (G) down 0.73%
  • JM Balanced Fund (G) down 0.70%
For more Mutual Fund News click here


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