As the benchmark indices lifted higher by positive global cues and huge buying in the high beta stocks, equity diversified NAVs ended higher. The rally was led by infrastructure (capital goods + power), metal, rate sensitive and oil & gas stocks.

The broader indices outperformed the benchmark indices; the BSE Midcap Index went up 4.15% and Smallcap Index rose 4.6%. The 30-share BSE Sensex closed at 14,253.24, up 399.54 points or 2.88% and the 50-share NSE Nifty surged 2.97% or 122.10 points, to settle at 4233.50.

All sectoral funds advanced; BSE Bank, Healthcare, FMCG and IT indices were up by 2.56%, 2.33%, 1.38% and 0.62%, respectively.

Short term debt funds also ended with positive returns while long term debt funds closed mixed with negative bias; their advance:decline ratio stood at 63:23 and 33:44, respectively.  

• Equity diversified NAVs end higher
• All sectoral funds advance
• Short term debt funds end with positive returns
• 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

• JM Agri & Infra Fund (G) up 4.85%
• Principal Junior Cap Fund (G) up 4.78%
• Sundaram BNP Paribas Select Small Cap Fund (G) up 4.66%

Tax saving funds: Top gainers

• Bharti AXA Tax Advantage Fund - Retail Plan (G) up 4.37%
• Bharti AXA Tax Advantage Fund - Eco Plan (G) up 4.37%
• Sundaram BNP Paribas Tax Saver (OE) (G) up 3.70%

Sector funds: Top gainers

• JM Financial Services Sector Fund (G) up 4.36%
• Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) up 3.91%
• UTI-Transportation and Logistics Fund (G) up 3.86%

Balanced funds: Top gainers

• Kotak Dynamic Asset Allocation (G)  up 3.65%
• Sundaram BNP Paribas Balanced Fund - Regular Plan (G)  up 3.00%
• Tata Balanced Fund (G)  up 2.82%

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