As the benchmark indices closed sharply lower and continued their downtrend for the second consecutive day, equity diversified NAVs ended weak with advance:decline ratio of 16:231. Financial, technology, telecom, capital goods, metal and select oil & gas stocks witnessed selling pressure.
The 50-share NSE Nifty shed 159 points or 3.5% from an intraday high of 4557.95, before closing at 4398.90, down 1.57% or 70.20 points. The 30-share BSE Sensex lost 219.37 points or 1.46%, to settle at 14,843.12, after shedding 526 points or 3.4% from day's high of 15,369.42.
On the sectoral front, banking and technology funds declined while pharma and FMCG funds ended mixed with positive bias.
- Equity diversified NAVs end weak
- Banking and technology funds decline
- Pharma and FMCG funds end 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
- ICICI Pru Discovery Fund (G) up 1.01%
- Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.97%
- Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 0.60%
Equity diversified: Top losers
- AIG Infrastructure and Economic Reform Fund - Regular Plan (G) down 2.01%
- IDFC Classic Equity Fund - Plan A (G) down 1.86%
- Birla Sun Life Long Term Advantage Fund (G) down 1.85%
Tax saving funds: Top losers
- LIC MF Tax Plan (G) down 1.64%
- DBS Chola Tax Saver Fund (G) down 1.62%
- Birla Sun Life Tax Plan (G) down 1.60%
Sector funds: Top gainers
- Reliance Pharma Fund (G) up 1.04%
- Franklin Pharma Fund (G) up 0.48%
- Franklin FMCG Fund (G) up 0.47%
Sector funds: Top losers
- SBI Magnum IT Fund down 2.17%
- UTI Services Industries Fund (G) down 1.71%
- Birla Sun Life New Millennium (G) down 1.63%
Balanced funds: Top losers
- Kotak Dynamic Asset Allocation (G) down 1.91%
- UTI Balanced Fund (G) down 1.45%
- Baroda Pioneer Balance Fund (G) down 1.43%
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