NAVs end with negative returns as mkts decline

As the markets continued their downtrend and ended the first day of the week in a negative terrain, equity diversified NAVs closed sharply lower with advance:decline ratio of 2:225. Selling in metal, realty, telecom, capital goods, power and auto stocks along with Reliance Industries kept the Nifty below the 4000 mark throughout the session.

The 30-share BSE Sensex closed at 13,400.32, down 0.77% or 103.90 points and the 50-share NSE Nifty fell 0.75% or 29.85 points, to settle at 3,974.05.

On the sectoral front, banking, FMCG and pharma funds declined while technology funds ended mixed with positive bias.

• Equity diversified NAVs close sharply lower
• Banking, FMCG and pharma funds decline
• Technology funds end mixed with positive bias

Check out all mutual fund gainers & losers

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

Equity diversified: Top gainers

• Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.28%
• ICICI Pru Focused Equity Fund (G) up 0.10%

Equity diversified: Top losers

• JM Agri & Infra Fund (G)  down 3.48%
• Sundaram BNP Paribas Select Midcap - Regular Plan (G) down 3.22%
• Sundaram BNP Paribas Capex Opportunities Fund (G) down 3.18%

Tax saving funds: Top losers

• JM Tax Gain Fund (G)  down 2.93%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) down 2.67%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) down 2.67%

Sector funds: Top gainers

• Franklin Infotech Fund (G) up 1.39%
• DSP BlackRock Technology.Com - Regular Plan (G) up 0.32%
• ICICI Pru Technology Fund (G) up 0.23%

Sector funds: Top losers

• JM Basic Fund (G) down 3.00%
• UTI-Transportation and Logistics Fund (G) down 2.67%
• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) down 2.43%

Balanced funds: Top losers

• ICICI Pru Child Care Plan - Gift Plan down 2.38%
• Principal Child Benefit Fund - Career Builder Plan down 1.57%
• JM Balanced Fund (G) down 1.51%

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