NAVs rally as markets end at 17-month high

Equity diversified NAVs rallied for the second consecutive day and ended with advance:decline ratio of 248:0, as the markets closed at 17-month high. The Nifty closed above the 5,100 mark and the Sensex ended above the 17,200 level, for the first time since May 21, 2008. Rally was mainly led by metal, auto, infrastructure, realty and banking stocks. However, huge selling was seen in telecom, oil marketing and airline companies' shares.

The 30-share BSE Sensex closed 1.2% or 204.44 points higher at 17,231.11 and the 50-share NSE Nifty rose 1.27% or 63.95 points, to settle at 5118.20.

All sectoral funds advanced; the BSE Bank, Healthcare, IT and FMCG indices were up 1.63%, 1.44%, 0.91% and 0.47%, respectively.

Short term debt funds also ended higher while long term debt funds closed mixed with negative bias; their advance:decline ratio stood at 72:17 and 33:43, respectively.

• Equity diversified NAVs rally
• All sectoral funds advance
• Short term debt funds end higher
• Long term debt funds close mixed with negative 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

• Birla Sun Life Midcap Fund - Plan A (G) up 2.87%
• Birla Sun Life Midcap Fund - Plan B (G) up 2.85%
• UTI Opportunities Fund (G) up 2.85%

Equity diversified: Top losers

• No Losers

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 2.63%
• Tata Infrastructure Tax Saving Fund (G) up 2.63%
• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 2.58%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• JM Basic Fund (G) up 3.32%
• Sahara Banking and Financial Services Fund (G) up 2.93%
• Reliance Banking Fund (G) up 2.78%

Sector funds: Top losers

• JM Telecom Sector Fund (G) down 2.04%

Balanced funds: Top gainers

• Escorts Balanced Fund (G) up 2.17%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 1.88%
• Tata Balanced Fund (G) up 1.74%

Balanced funds: Top losers

• No Losers

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