NAVs end lower as markets decline

Equity diversified NAVs ended lower with advance:decline ratio of 42:209, as the benchmark Nifty lost ground in late trade sell-off. The Sensex shut shop below the 16000 mark. Downtrend was seen in banking, oil & gas exploration, capital goods, technology, power, select auto, metal and pharma stocks. However, buying was seen in HDFC Bank, Bharti Airtel, Sterlite, BPCL, Hindalo, Unitech, Hero Honda, Grasim and Jaiprakash Associates.

The 30-share BSE Sensex closed at 15,922.17, down 120.01 points or 0.75% and the 50-share NSE Nifty fell 0.74% or 35.45 points to settle at 4,757.20.

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

Long term debt funds also closed with negative returns while short term debt funds with positive returns; their advance:decline ratio stood at 14:65 and 69:30, respectively.

• Equity diversified NAVs end lower
• Pharma, technology and banking funds decline
• FMCG funds end mixed with positive bias
• Long term debt funds also close with negative returns
• Short term debt funds end with positive returns

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 Precious Metals Plan -RP (G) up 3.71%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 2.93%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 2.65%

Equity diversified: Top losers

• Tata Indo-Global Infrastructure Fund (G) down 3.05%
• JM Core 11 Fund - Series 1 (G) down 2.52%
• HSBC Small Cap Fund (G) down 1.67%

Tax saving funds: Top gainers

• Tata Infrastructure Tax Saving Fund (G) up 0.07%
• Reliance Equity Linked Saving Fund - Series I (G) up 0.06%
• DSP BlackRock Tax Saver Fund (G) up 0.01%

Tax saving funds: Top losers

• SBI TAX Advantage Fund - Series I (G) down 2.71%
• Tata Tax Advantage Fund - 1 (G) down 0.89%
• IDFC Tax Saver (ELSS) Fund (G) down 0.81%

Sector funds: Top gainers

• SBI Magnum FMCG Fund up 0.47%
• Tata Life Sciences & Technology Fund (G) up 0.35%
• UTI MNC Fund (G) up 0.26%

Sector funds: Top losers

• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) down 1.02%
• Reliance Media & Entertainment Fund (G) down 0.96%
• Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) down 0.95%

Balanced funds: Top gainers

• JM Balanced Fund (G) up 0.20%
• HDFC Prudence Fund (G) up 0.13%
• ICICI Pru Child Care Plan - Gift Plan up 0.10%

Balanced funds: Top losers

• LIC MF Unit Linked Insurance Scheme down 0.73%
• Canara Robeco Balance (G) down 0.65%
• Principal Child Benefit Fund - Career Builder Plan down 0.60%

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