NAVs end with positive returns; banking, FMCG, IT funds up

Equity diversified NAVs ended higher with advance:decline ratio of 174:53. The benchmark Nifty ended flat with a positive bias, led by rate sensitives post hike in key rates by RBI. Cement, select technology and telecom companies' shares also helped indices. However, the sell-off in capital goods, select metal companies' shares along with HUL, NTPC, HDFC, Reliance Industries and Reliance Communications wiped out more than half of gains.

The 30-share BSE Sensex closed at 18,077.61, up 57.56 points or 0.32% and the 50-share NSE Nifty rose 12 points or 0.22% to 5,430.60.

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

Even short term debt funds also closed with marginal returns while long term debt funds ended lower; their advance:decline ratio stood at 51:33 & 18:47, respectively.

• Equity diversified NAVs end higher
• Banking, FMCG and technology funds advance
• Pharma funds decline
• Short term debt funds close with marginal returns
• Long term debt funds end lower

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 0.99%
• Principal Dividend Yield Fund (G) up 0.66%
• JM Large Cap Fund (G) up 0.16%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 1.03%
• Birla Sun Life Commodity Equities - Global Agri Plan - Retail Plan (G) down 0.58%
• Sundaram BNP Paribas Media & Entertainment Opportunities - Retail (G) down 0.53%

Tax saving funds: Top gainers

• Religare AGILE Tax Fund (G) up 0.87%
• Taurus Tax Shield (G) up 0.79%
• L&T Tax Advantage Fund - Series I (G) up 0.47%

Tax saving funds: Top losers

• Tata Infrastructure Tax Saving Fund (G) down 0.51%
• Reliance Equity Linked Saving Fund - Series I (G) down 0.21%
• SBI Magnum Tax Gain Scheme (G) down 0.12%

Sector funds: Top gainers

• Reliance Banking Fund (G) up 0.65%
• UTI Transportation and Logistics Fund (G) up 0.64%
• JM Financial Services Sector Fund (G) up 0.53%

Sector funds: Top losers

• Franklin Pharma Fund (G) down 0.51%
• SBI Magnum Pharma Fund (G) down 0.37%
• UTI Pharma & Healthcare Fund (G) down 0.30%

Balanced funds: Top gainers

• JM Balanced Fund (G) up 0.61%
• Reliance Regular Savings Fund - Balanced Option (G) up 0.45%
• Baroda Pioneer Balance Fund (G) up 0.41%

Balanced funds: Top losers

• UTI Childrens Career Balanced Plan down 0.18%
• Tata Young Citizens Fund down 0.10%
• UTI CRTS 81 (G) down 0.07%

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