NAVs end sharply higher

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NAVs end sharply higher

Equity diversified NAVs ended higher with advance:decline ratio of 230:8. The markets closed with marginal gains. Shares of oil & gas, metal, real estate, banking (barring ICICI Bank) and select infrastructure companies helped the benchmark indices.

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Equity diversified NAVs ended higher with advance:decline ratio of 230:8. The markets closed with marginal gains. Shares of oil & gas, metal, real estate, banking (barring ICICI Bank) and select infrastructure companies helped the benchmark indices. However, selling in technology and cement along with HDFC, Tata Motors, Suzlon, Sun Pharma, Reliance Communication, ITC, Idea, Tata Power and Hero Honda put pressure on the markets.

The 30-share Sensex closed at 14,785.74, up 21.10 points or 0.14%. The 50-share NSE Nifty rose 0.35% or 15.45 points, to settle at 4,390.95.

On the sectoral front, banking and FMCG funds advanced while pharma and technology funds declined.

• Equity diversified NAVs end higher
• Banking and FMCG funds advance
• Pharma and technology funds decline

Check out all mutual fund gainers & losers