Friday, November 27, 06:27 pm IST
Hot Searches:  mahindra satyamITCtata steel
| Feedback
Moneycontrol » News Center » Mutual Funds » News
NAVs tumble sharply on weak mkts' cues
Published on Wed, Jul 01, 2009 at 00:24   |  Updated at Wed, Jul 01, 2009 at 10:33  |  Source : Moneycontrol.com

Equity diversified NAVs tumbled sharply with advance;decline ratio of 5:225, as the benchmark indices retreated on the back of huge selling in rate sensitives, infrastructure, cement, metal and pharma shares.

The 30-share BSE Sensex lost 291.90 points or 1.97%, to settle at 14,493.84 and the 50-share NSE Nifty closed at 4291.10, down 2.27% or 99.85 points from previous close. Among the broader indices, the BSE Midcap Index fell 153.75 points or 2.94%, to 5,076.34 and the Smallcap Index declined 2.51% or 147.82 points, to 5,740.04.

On the sectoral front, banking, pharma, and technology funds declined while FMCG funds ended mixed with positive bias. BSE Bank, Healthcare, IT and FMCG indices were down by 2.45%, 2.03%, 0.55% and 0.56%, respectively.

Long term debt funds ended mixed while short term debt funds declined; their advance:decline ratio stood at 42:32 and 72:11, respectively.

  • Equity diversified NAVs tumble sharply
  • Banking, pharma, and technology funds decline
  • FMCG funds end mixed with positive bias
  • Long term debt funds end mixed
  • Short term debt funds decline

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 Commodity Equities - Global Agri Plan - Retail Plan (G) up 1.39%
  • Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) up 0.26%
  • HSBC Emerging Markets Fund (G) up 0.03%

Equity diversified: Top losers

  • JM Contra Fund (G) down 4.84%
  • JM HI FI Fund (G) down 4.77%
  • JM Agri & Infra Fund (G) down 4.53%

Tax saving funds: Top losers

  • Bharti AXA Tax Advantage Fund - Eco Plan (G) down 3.93%
  • Bharti AXA Tax Advantage Fund - Retail Plan (G) down 3.93%
  • JM Tax Gain Fund (G) down 3.79%

Sector funds: Top gainers

  • SBI Magnum FMCG Fund up 0.26%
  • Franklin FMCG Fund (G)  up 0.18%

Sector funds: Top losers

  • Reliance Media & Entertainment Fund (Bonus) down 3.10%
  • Reliance Media & Entertainment Fund (G) down 3.10%
  • JM Financial Services Sector Fund (G) down 3.03%

Balanced funds: Top losers

  • JM Balanced Fund (G) up 2.93%
  • Kotak Dynamic Asset Allocation (G) up 2.82%
  • Escorts Balanced Fund (G) up 2.71%

For more Mutual Fund News click here

More news from MF News
WHAT OTHERS LIKE
  • Most Read
  • Most Viewed
24 Hours
7 Days
1 Month
NEWS FROM OUR PARTNERS
©Network 18, 2009. All Rights Reserved