NAVs close with negative returns

Equity diversified NAVs closed lower today as well with advance:decline ratio of 77:175. The markets ended marginally lower and continued its downtrend for the third consecutive session. Weak global cues weighed on the markets for the second day.

The sell-off in shares of private banking and financial (PSU banks recovered in the late trade), power, metal, cement, select auto and oil & gas stocks kept the markets lower for the whole day. However, buying in realty, technology, pharma and PSU banking stocks along with heavyweights Reliance Industries and Bharti Airtel capped the losses to some extent.

The 50-share NSE Nifty closed at 4826.15, down 0.42% or 20.55 points and the 30-share BSE Nifty declined 69.91 points or 0.43%, to settle at 16,283.49.

On the sectoral front, banking funds declined. Pharma funds ended mixed while FMCG and technology funds closed mixed with positive bias.

• Equity diversified NAVs close lower
• Banking funds decline
• Pharma funds end mixed
• FMCG and technology funds close mixed with positive bias

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• JM HI FI Fund (G) up 1.66%
• AIG Infrastructure and Economic Reform Fund - Regular Plan (G) up 1.30%
• JM Agri & Infra Fund (G) up 1.09%

Equity diversified: Top losers

• JM Emerging Leaders Fund (G) down 1.52%
• Franklin Asian Equity Fund (G) down 1.37%
• Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 1.34%

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 0.88%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 0.84%
• DBS Chola Tax Advantage Fund - Series I (G) up 0.48%

Tax saving funds: Top losers

• Birla Sun Life Tax Plan (G) down 1.11%
• Taurus Tax Shield (G) down 0.88%
• Religare Tax Plan (G) down 0.86%

Sector funds: Top gainers

• Franklin Pharma Fund (G) up 0.77%
• Birla Sun Life Basic Industries Fund (G) up 0.73%
• Birla Sun Life MNC Fund (G) up 0.29%

Sector funds: Top losers

• Reliance Media & Entertainment Fund (G) down 0.94%
• UTI-Transportation and Logistics Fund (G) down 1.01%
• Reliance Media & Entertainment Fund (G) down 0.94%

Balanced funds: Top gainers

• Escorts Balanced Fund (G) up 0.63%
• HDFC Balanced Fund (G) up 0.42%
• Tata Balanced Fund (G) up 0.20%

Balanced funds: Top losers

• Kotak Dynamic Asset Allocation (G) down 0.69%
• JM Balanced Fund (G) down 0.69%
• ICICI Pru Child Care Plan - Gift Plan down 0.54%

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