NAVs end strong as markets rally

As the markets recovered remarkably in the second half of trade, especially post Finance Minister's and Home Minister's comments, equity diversified NAVs ended strong as well with advance:decline ratio of 250:1. Buying in telecom, metal, realty, power, auto, oil & gas exploration, select banking and capital goods stocks helped the markets to recover. However, selling in individual stocks like SBI, ITC, Infosys, NTPC, Ambuja Cements and ACC limited the gains to some extent.

The 30-share Sensex closed at 16,063.90, up 151.77 points or 0.95% and the 30-share NSE Nifty ended at 4765.55, up 1.16% or 54.75 points. The broader indices outperformed the benchmark indices, gained 1.8-2%.

All sectoral funds advanced.

Long and short term debt funds also finished with positive returns; their advance:decline ratio stood at 58:18 and 82:15, respectively.

• Equity diversified NAVs end strong
• All sectoral funds advance
• Long and short term debt funds finish 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

• JM Agri & Infra Fund (G) up 2.96%
• Tata Select Equity Fund (G) up 2.34%
• Tata Contra Fund (G) up 2.32%

Equity diversified: Top losers

• Franklin Asian Equity Fund (G) down 0.28%

Tax saving funds: Top gainers

• IDFC Tax Advantage (ELSS) Fund (G) up 2.17%
• DBS Chola Tax Saver Fund (G) up 2.04%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 1.95%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• JM Telecom Sector Fund (G) up 3.42%
• Birla Sun Life Basic Industries Fund (G) up 2.22%
• Tata Life Sciences & Technology Fund (G) up 2.12%

Sector funds: Top losers

• ICICI Pru FMCG Fund (G) down 0.02%

Balanced funds: Top gainers

• Kotak Dynamic Asset Allocation (G) up 1.91%
• Escorts Balanced Fund (G) up 1.87%
• LIC MF Balanced Fund - C (G) up 1.86%

Balanced funds: Top losers

• No Losers

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