NAVs soared led by positive global cues

Equity funds soared high in Tuesday's trading session led by strong European cues. All the equity funds ended in green witnessing no loser in any respective category.

The sectoral indices too followed positive market cue resulting all the funds to end with positive returns.

The market sentiments turned bullish across market after positive economic data from China. The Sensex rose 276.69 points, to close at 16,466.05 and the Nifty moved up 93.40 points to 4,967.30 after hitting an intra-day high of 4,975.55.

In the debt market, both Short term and Long term debt funds ended with positive quotient registering just few losers.

Equity funds: Top gainers

*  Goldman Sachs Infrastructure Exchange Traded Scheme up 2.87%
*  JM Basic Fund (G) up 2.58%
*  Reliance Infrastructure Fund - Retail Plan (G) up 2.56%

Equity funds: Top losers

*  No Losers

Tax saving funds: Top gainers

*  JM Tax Gain Fund (G) up 2.22%
*  Sahara Tax Gain (G) up 2.10%
*  ICICI Prudential R.I.G.H.T. Fund (G) up 2.09%

Tax saving funds: Top losers

*  No Losers

Sector funds: Top gainers

*  UTI Energy Fund (G) up 2.04%
*  Sahara Power & Natural Resources Fund (G) up 1.85%
*  Sundaram Financial Services Opportunities - Retail Plan (G) up 1.77%

Sector funds: Top losers

*  Reliance Media & Entertainment Fund (G) down 0.95%
*  Sundaram Media & Entertainment Opportunities - Retail (G) down 0.83%

Balanced funds: Top gainers

*  Escorts Balanced Fund (G) up 2.20%
*  JM Balanced Fund (G) up 1.69%
*  LIC NOMURA Balanced Fund - C (G) up 1.63%

Balanced funds: Top losers

*  No Losers

Debt funds: Top gainers

*  Axis Dynamic Bond Fund (G) up 0.33%
*  Templeton India Govt. Sec. - Long Term Plan (G) up 0.08%

Debt funds: Top losers

*  Birla Sun Life Income Fund (G) down 0.01%
*  Kotak Gilt Savings Plan (G) down 0.03%