NAVs rise as market cheers on account of low inflation no

The markets cheered on release of inflation data. The 26-month low January inflation data gave a fillip to rate sensitive stocks in anticipation of policy interest rate cuts from RBI. As the markets closed higher, all equity and balanced schemes registered positive returns with only few losers in either category.

The sectoral funds were also seen in green and ended with handsome returns. Barring Pharma & Healthcare funds, all the others closed in a positive terrain.

The Sensex closed at 17848.57 up 75.73 points or 0.43% and the Nifty ends at 5427.45 up 37.25 points or 0.69%.

In the debt space, funds in Short term and Long term category being optimistic on the interest rate cut by RBI posted positive returns. Only Long term category witnessed few losers while funds in other categories were seen in green. (Click here to know the performance of debt funds)

Check out all mutual fund gainers & losers

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

Equity funds: Top gainers

*  JM Core 11 Fund (G) up 2.40%
*  Escorts Infrastructure Fund (G) up 1.72%
*  Sahara Infrastructure - Fixed Pricing Option (G) up 1.48%

Equity funds: Top losers

*  Templeton India Equity Income Fund (G) down 0.59%
*  Religare AGILE Fund (G) down 0.3%

Tax saving funds: Top gainers

*  Escorts Tax Plan (G) up 1.14%
*  Reliance Equity Linked Saving Fund - Series I (G) up 0.99%
*  Reliance Tax Saver (ELSS) Fund (G) up 0.88%

Tax saving funds: Top losers

*  Religare AGILE Tax Fund (G) down 0.27%
*  DWS Tax Saving Fund (G) down 0.06%
*  BNP Paribas Tax Advantage Plan (ELSS) (G) down 0.04%

Sector funds: Top gainers

*  Sundaram Financial Services Opportunities - Retail Plan (G) up 1.39%
*  Sahara Banking and Financial Services Fund (G) up 1.34%
*  Sundaram Media & Entertainment Opportunities - Retail (G) up 1.29

Sector funds: Top losers

*  UTI Pharma & Healthcare Fund (G) down 0.43%
*  SBI Magnum Pharma Fund (G) down 0.41%
*  Birla Sun Life New Millennium (G) down 0.22%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 1.32%
*  LIC NOMURA Balanced Fund - C (G) up 0.80%
*  HDFC Balanced Fund (G) up 0.71%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Reliance Dynamic Bond Fund (G) up 0.17%
*  ING Gilt Fund - PF Dynamic Plan (G) up 0.31%

Debt funds: Top losers

*  Birla Sun Life Income Plus - Retail (G) (Plan B) down 0.08%