NAVs end higher as markets gain

Equity diversified NAVs ended higher with advance:decline ratio of 251:1 as the Indian equity benchmarks maintained their uptrend for sixth consecutive day on Wednesday. Buying continued in SBI, Reliance Industries, TCS, HDFC Bank, HDFC, Wipro, L&T, DLF and ICICI Bank, which were quite supportive.

The 50-share NSE Nifty erased about 25 points from high point of the day to trade at 5,776, with gaining 39 points. The 30-share BSE Sensex gained 133 points at 19,254 while the broader indices have good strength led by paper stocks - the BSE Midcap Index was up 1% and Smallcap up 2%.

All sectoral funds advanced. Long and Short term debt funds too closed with positive returns; their advance:decline ratio stood at 42:36 & 94:12, respectively.

• Equity diversified NAVs end strong
• All sectoral funds advance
• Long and Short term debt funds advance

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• HSBC Midcap Equity Fund (G) up 2.87%
• Sahara Star Value Fund (G) up 2.77%
• HSBC Progressive Themes Fund (G) up 2.44%

• Tata Growing Economies Infrastructure Fund - Plan A (G) down 0.03%

• Tata Infrastructure Tax Saving Fund (G) up 1.50%
• Sahara Tax Gain (G) up 1.33%
• SBI Magnum Tax Gain Scheme (G) up 1.30%

• No Losers

• Sundaram Financial Services Opportunities - Retail Plan (G) up 2.32%
• Reliance Banking Fund (G) up 1.96%
• Religare Banking Fund - Regular Plan (G) up 1.92%

• JM Telecom Sector Fund (G) down 0.23%

• ICICI Pru Child Care Plan - Gift Plan up 1.56%
• Kotak Balance up 1.24%
• HDFC Prudence Fund (G) up 1.23%

• No Losers

For more Mutual Fund News click here