Jun 26, 2012, 12.03 PM IST

NAVs fall led by weak market cues

Equity Mutual Funds ends in red led by sloppy trading session. The weak global and domestic market sentiment led the BSE benchmark to shed 249 points and close at 17,131.15 while NSE benchmark fell 31.40 points or 0.61% to 5,114.65.

Source: Moneycontrol.com

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Equity Mutual Funds ends in red led by sloppy trading session. The market plummeted soon after the RBI's announcement to increase the limit of external commercial borrowing (ECB) to cater falling rupee. All Equity and Balanced funds registered negative returns with only few gainers in either category.

All the sectoral mutual funds followed the suit recording no gainers in any of its category.

The weak global and domestic market sentiment led the BSE benchmark to shed 249 points and close at 17,131.15 while NSE benchmark fell 31.40 points or 0.61% to 5,114.65.

The RBIs measures to increase the ECB limit and reduce the lock-in period in some long-term infrastructure bonds boosted the debt market. All the funds in Short term and Long term category witnessed surge with no decline recorded in either category.

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

* Religare Mid Cap Fund (G) up 0.35%

* Escorts Leading Sectors Fund (G) up 0.35%

* Religare Mid N Small Cap Fund (G) up 0.35%

Equity funds: Top losers

* Templeton India Equity Income Fund (G) down 1.05%

* Religare PSU Equity Fund (G) down 0.95%

* Reliance Vision Fund - Retail Plan (G) down 0.87%

Tax saving funds: Top gainers

* No Gainers