NAVs decline sharply as markets slip

Equity diversified NAVs decline sharply with advance:decline ratio of 3:242 as the Indian equity benchmarks got shattered after RBI announced more than expected hike in key rates by RBI and maintained a hawkish tone. The sentiment was further dampened as immediate reaction of banks hinted at increasing base rates, which will hike interest cost for corporates as well as individuals going ahead. BHEL's disappointing first quarter earnings too added to the woes on Tuesday.

The 30-share BSE Sensex fell 353.07 points or 1.87%, to close at 18,518.22 and the 50-share NSE Nifty tumbled 105.45 points or 1.86%, to settle at 5,574.85 led by fall in 46 stocks.

Sector fund too decline. Long and Short term debt funds also ended with negative returns, their advance:decline ratio stood at 9:66 & 64:61, respectively.

• Equity diversified NAVs decline

  
  

• Sector fund too decline 

  
  

• Long and Short term debt funds ended lower

  
  

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 0.92%
• Mirae Asset Global Commodity Stock Fund - Regular Plan (G) up 0.62%
• Franklin Asian Equity Fund (G) up 0.62%

• LIC NOMURA Infrastructure Fund Series 1 (G) down 2.14%
• JM Core 11 Fund (G) down 2.03%
• IDFC Equity Fund - Plan B (G) down 1.98%

• No Gainers

• Baroda Pioneer ELSS 96 down 1.91%
• JM Tax Gain Fund (G) down 1.78%
• Sundaram Tax Saver (OE) (G) down 1.77%

• No Gainers

• Sundaram Financial Services Opportunities - Retail Plan (G) down 2.36%
• UTI Banking Sector Fund (G) down 2.26%
• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) down 2.16%

• No Gainers

• JM Balanced Fund (G) down 1.78%
• Sundaram Balanced Fund - Regular Plan (G) down 1.53%
• SBI Magnum Balanced Fund (G) down 1.31%

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