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Jun 14, 2012, 12.16 PM IST
Equity Mutual Funds ended with mixed returns owing to volatile market condition. The trading session ended with Sensex closing at 15988.40 up 23.24 points or 0.15% and the Nifty at 4848.15 up 6.55 points or 0.14%.
On sectoral space, Banking & Finance category gained the most recording no decline led by RBI's hints of possible rate cut. The defensive sectors like Pharma & Healthcare and FMCG delivered poor performance. Technology funds were also seen declining witnessing very few gainers.
The markets were trading negative for major part of the day. However the positive news of monsoon likely to hit southern Kerala helped markets to recover some of its losses. The trading session ended with Sensex closing at 15988.40 up 23.24 points or 0.15% and the Nifty at 4848.15 up 6.55 points or 0.14%.
On the Debt front, both Short term and Long term categories were seen gaining recording no decline in the debt space. Sandeep Bagla of ICICI Securities Primary Dealership is of the opinion that the announcement of the new 10-year bond auction can act as a booster for delivering good returns.
Here is the day's performance and the gainers and losers across categories.
Equity funds: Top gainers
* Fidelity India Special Situations Fund (G) up 0.92%
Equity funds: Top losers
Tax saving funds: Top gainers
* UTI Long Term Advantage Fund (G) up 0.38%
Tax saving funds: Top losers
* Edelweiss ELSS Fund (G) down 0.51%
Sector funds: Top gainers
* UTI Banking Sector Fund (G) up 1.11%
Sector funds: Top losers
* ICICI Prudential FMCG Fund (G) down 1.28%
Balanced funds: Top gainers
* Sundaram Balanced Fund - Regular Plan (G) up 0.41%
Balanced funds: Top losers
* JM Balanced Fund (G) down 0.39%
Debt funds: Top gainers
* DSP BlackRock Balanced Fund (G) down 0.13%.
Debt funds: Top losers
* No losers
Tags: HDFC Infrastructure Fund (G) , HSBC Tax Saver Equity Fund (G) , IDFC Tax Advantage (ELSS) Fund (G), UTI Banking Sector Fund (G) , Sundaram Financial Services Opportunities - Retail Plan (G) , Templeton India Govt Sec - Provident Fund
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals