NAVs end sharply higher as markets rally

Equity diversified NAVs ended sharply higher with advance:decline ratio of 254:0, as the benchmark Nifty saw a significant upmove and rallied over 100 points on the back of short covering.

The 30-share BSE Sensex closed at 16,496.05, up 332.61 points or 2.06% and the 50-share NSE Nifty settled at 4,931.85, with rally of 101.75 points or 2.11% over its previous closing value.

All sectoral funds advanced, as buying was seen across all the sectors; metal, realty, FMCG, banking and capital goods were the major gaining sectors. Respective indices jumped 2-4%. However, Power Grid, Sun Pharma, HUL and Ranbaxy were the only losers on the NSE Nifty.

Long and short term debt funds also ended with positive returns; their advance:decline ratio stood at 54:21 and 90:7, respectively.

• Equity diversified NAVs end sharply higher
• All sectoral funds advance
• Long and 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

• Religare AGILE Fund (G) up 2.93%
• JM Multi Strategy Fund (G) up 2.46%
• JM Contra Fund (G) up 2.40%

Equity diversified: Top losers

• No Losers

Tax saving funds: Top gainers

• Religare AGILE Tax Fund (G) up 2.69%
• JM Tax Gain Fund (G) up 2.00%
• Fortis Tax Advantage Plan (ELSS) (G) up 1.98%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• ICICI Pru Banking & Financial Services Fund - Retail Plan (G) up 2.10%
• JM Financial Services Sector Fund (G) up 2.02%
• UTI Banking Sector Fund (G) up 1.91%

Sector funds: Top losers

• No Losers

Balanced funds: Top gainers

• JM Balanced Fund (G) up 1.59%
• Reliance Regular Savings Fund - Balanced Option (G) up 1.53%
• ICICI Pru Balanced Fund (G) up 1.48%

Balanced funds: Top losers

• No Losers

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