NAVs end with positive returns

Equity diversified NAVs ended higher with advance:decline ratio of 185:55. However, the markets witnessed consolidation and ended flat with negative bias. Indices remained weak for the major part of the session due to sell-off in technology, telecom (barring Idea), FMCG, pharma and oil & gas companies' shares. However, buying was seen in banking, power and steel stocks.

The 50-share NSE Nifty shut shop at 5108.85, down just 0.18% or 9.35 points and the 30-share BSE Sensex was down just 35.91 points or 0.21%, to settle at 17,195.20. The broader indices outperformed the benchmark indices; the BSE Midcap Index was up 0.55% and Smallcap up 0.87%.

On the sectoral front, banking funds advanced while technology funds declined. Pharma funds ended mixed while FMCG funds closed mixed with negative bias.

Long and short term debt funds finished higher with advance:decline ratio of 65:10 and 95:4, respectively.

• Equity diversified NAVs end higher
• Banking funds advance
• Technology funds decline
• Pharma funds end mixed
• FMCG funds close mixed with negative bias
• Long and short term debt funds finish higher

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

Equity diversified: Top gainers

• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) up 2.02%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 1.91%
• DBS Chola Midcap Fund (G) up 1.71%

Equity diversified: Top losers

• ICICI Pru Focused Equity Fund (G) down 0.61%
• Quantum Long-Term Equity Fund (G) down 0.52%
• Birla Sun Life Long Term Advantage Fund (G) down 0.5%

Tax saving funds: Top gainers

• JM Tax Gain Fund (G) up 1.2%
• IDFC Tax Saver (ELSS) Fund (G) up 0.78%
• DBS Chola Tax Advantage Fund - Series I (G) up 0.74%

Tax saving funds: Top losers

• Quantum Tax Saving Fund (G) down 0.61
• UTI-Long Term Advantage Fund - Series II (G) down 0.32
• HDFC Long Term Advantage Fund (G) down 0.31

Sector funds: Top gainers

• Reliance Media & Entertainment Fund (G) up 2.02%
• Religare Banking Fund - Regular Plan (G) up 1.61%
• Birla Sun Life MNC Fund (G) up 1.47%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 1.29
• ICICI Pru Technology Fund (G) down 0.99
• Franklin Infotech Fund (G) down 0.97

Balanced funds: Top gainers

• Canara Robeco Balance (G) up 0.51%
• UTI Balanced Fund (G) up 0.51%
• Templeton (I) Childrens Asset Plan - Gift Plan (G) up 0.45%

Balanced funds: Top losers

• JM Balanced Fund (G) down 0.82
• HDFC Balanced Fund (G) down 0.28
• LIC MF Balanced Fund - C (G) down 0.22

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