NAVs end lower as mkts decline

Equity diversified NAVs ended lower with advance:decline ratio of 67:161, as equity benchmarks close below their psychological levels for the first time in the last five sessions, led by a sell-off in heavyweights like Reliance Industries (post results), L&T, NTPC, HUL, ICICI Bank, DLF (ahead of numbers) and HDFC.

The 30-share BSE Sensex closed at 17,957.37, down 120.24 points or 0.67% and the 50-share NSE Nifty declined 33.05 points or 0.61% to settle at 5,397.55.

On the sectoral front, pharma funds declined while banking & technology funds ended mixed. FMCG funds advanced.

Long term debt funds also closed with negative returns while short term debt funds with positive returns; their advance:decline ratio stood at 21:52 & 56:34, respectively.

• Equity diversified NAVs end lower
• Pharma funds decline
• Banking & technology funds end mixed
• FMCG funds advance
• Long term debt funds 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

• Taurus Discovery Fund (G) up 0.82%
• Edelweiss Absolute Return Equity Fund (G) up 0.55%
• HDFC Core & Satellite Fund (G) up 0.53%

Equity diversified: Top losers

• JM HI FI Fund (G) down 0.85%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 1.34%
• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 2.34%

Tax saving funds: Top gainers

• Taurus Tax Shield (G) up 0.61%
• DWS Tax Saving Fund (G) up 0.44%
• JM Tax Gain Fund (G) up 0.32%

Tax saving funds: Top losers

• L&T Tax Advantage Fund - Series I (G) down 0.42%
• Fortis Tax Advantage Plan (ELSS) (G) down 0.41%
• ING OptiMix Retireinvest Fund - Series I (G) down 0.40%

Sector funds: Top gainers

• Birla Sun Life Buy India Fund (G) up 0.63%
• Franklin FMCG Fund (G) up 0.37%
• UTI Transportation and Logistics Fund (G) up 0.19%

Sector funds: Top losers

• Tata Life Sciences & Technology Fund (G) down 0.78%
• JM Financial Services Sector Fund (G) down 0.65%
• JM Telecom Sector Fund (G) down 0.45%

Balanced funds: Top gainers

• HDFC Prudence Fund (G) up 0.37%
• Birla Sun Life 95 Fund (G) up 0.22%
• Tata Balanced Fund (G) up 0.18%

Balanced funds: Top losers

• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) down 0.56%
• UTI Childrens Career Balanced Plan down 0.38%
• UTI Balanced Fund (G) down 0.32%

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