NAVs end mixed with negative bias

Equity diversified NAVs ended mixed with negative bias and their advance:decline ratio stood at 106:148. The benchmark Sensex shed 124 points on Friday, pulled down by technology, FMCG, capital goods, realty, cement, select auto, metal and power companies' shares. Heavyweight ICICI Bank plunged nearly 3%; even Reliance Industries wiped out its gains and closed flat. Disappointing earnings and weak global cues put pressure on the markets in last one hour of trade.

The 30-share BSE Sensex closed at 17,868.29, down 123.71 points or 0.69% and the 50-share NSE Nifty fell 41.30 points or 0.76% to settle at 5,367.60.

On the sectoral front, pharma and technology funds advanced while banking & FMCG funds ended with marginal gains.

Long term debt funds closed with negative returns while short term debt funds ended with positive returns; their advance:decline ratio stood at 20:58 & 67:36, respectively.

• Equity diversified NAVs end mixed with negative bias
• Pharma and technology funds advance
• Banking & FMCG funds end with marginal gains
• 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

• SBI Magnum Emerging Businesses Fund (G) up 1.45%
• Religare Mid N Small Cap Fund (G) up 1.38%
• Religare Mid Cap Fund (G) up 137%

Equity diversified: Top losers

• Birla Sun Life International Equity Fund - Plan A (G) down 1.19%
• ICICI Pru Target Returns Fund - Retail Plan (G) down 0.82%
• JM Large Cap Fund (G) down 0.82%

Tax saving funds: Top gainers

• DWS Tax Saving Fund (G) up 0.50%
• Tata Tax Advantage Fund - 1 (G) up 0.39%
• Taurus Tax Shield (G) up 0.32%

Tax saving funds: Top losers

• ICICI Pru Tax Plan (G) down 0.51%
• Baroda Pioneer ELSS 96 down 0.51%
• Escorts Tax Plan (G) down 0.49%

Sector funds: Top gainers

• JM Financial Services Sector Fund (G) up 1.03%
• Reliance Media & Entertainment Fund (G) up 0.95%
• Reliance Banking Fund (G) up 0.64%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 1.53%
• Tata Life Sciences & Technology Fund (G) down 0.73%
• SBI Magnum Pharma Fund (G) down 0.69%

Balanced funds: Top gainers

• Kotak Balance up 0.10%
• Tata Balanced Fund (G) up 0.10%
• HDFC Prudence Fund (G) up 0.06%

Balanced funds: Top losers

• LIC MF Unit Linked Insurance Scheme down 0.53%
• HDFC Childrens Gift Fund - Investment Plan down 0.41%
• FT India Balanced Fund (G) down 0.37%

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