NAVs end with positive returns

Nifty BSE | NSE 09/02/12 Are Mutual Funds betting on Nifty?

Equity diversified NAVs ended with positive returns; their advance:decline ratio stood at 185:45. The benchmark Nifty closed the session on a flat note with positive bias. The index closed positive on the back of heavyweights like Infosys, SAIL, ICICI Bank, Reliance Industries and SBI along with telecom stocks.

However, selling remained in infrastructure stocks along with ONGC, TCS, Wipro, M&M, ITC, Sterlite Industries, BPCL, Maruti and HDFC Bank.

The 30-share BSE Sensex closed at 17519.26, up 29.18 points and the Nifty rose 14 points to settle at 5245.90.

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

The long and short term debt funds also ended higher; their advance:decline ratio stood at 70:0 and 101:0, respectively.

• Equity diversified NAVs end with positive returns
• Banking, pharma and technology funds advance
• FMCG funds decline
• Long and short term debt funds end higher

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 Contra Fund (G) up 0.93%
• JM Multi Strategy Fund (G) up 0.78%
• Reliance Equity Opportunities Fund - Retail Plan (G) up 0.74%

Equity diversified: Top losers

• Religare AGILE Fund (G) down 0.47%
• Sundaram BNP Paribas Rural India Fund (G) down 0.43%
• JM Agri & Infra Fund (G) down 0.34%

Tax saving funds: Top gainers

• ING Tax Saving Fund (G) up 0.66%
• Reliance Equity Linked Saving Fund - Series I (G) up 0.54%
• Birla Sun Life Tax Relief 96 (G) up 0.46%

Tax saving funds: Top losers

• Religare AGILE Tax Fund (G) down 0.41%
• Tata Tax Saving Fund down 0.32%
• AXIS Tax Saver Fund (G) down 0.19%

Sector funds: Top gainers

• JM Telecom Sector Fund (G) up 1.22%
• JM Basic Fund (G) up 0.95%
• Tata Life Sciences & Technology Fund (G) up 0.82%

Sector funds: Top losers

• Reliance Media & Entertainment Fund (G) down 0.62%
• ICICI Pru FMCG Fund (G) down 0.23%
• UTI Energy Fund (G) down 0.09%

Balanced funds: Top gainers

• ICICI Pru Child Care Plan - Gift Plan up 0.87%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 0.72%
• HDFC Childrens Gift Fund - Investment Plan up 0.54%

Balanced funds: Top losers

• Tata Balanced Fund (G) down 0.16%
• Escorts Opportunities Fund (G) down 0.08%
• Tata Young Citizens Fund down 0.07%

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