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NAVs end positive as markets gain

Equity diversified NAVs ended higher with advance:decline ratio of 176:79 as the Indian equity benchmarks closed the session on a positive note on Friday, supported by short covering in most beaten-down stocks in the previous three sessions.

February 26, 2011 / 12:13 PM IST

Equity diversified NAVs ended higher with advance:decline ratio of 176:79 as the Indian equity benchmarks closed the session on a positive note on Friday, supported by short covering in most beaten-down stocks in the previous three sessions.



The 30-share BSE Sensex up 68.50 points or 0.39%, to close at 17,700.91 and the 50-share NSE Nifty up 40.85 points or 0.78%, to end at 5,303, after seeing consolidation around the 5300 level.


 


On the sectoral front, banking and FMCG funds advanced while Pharma, MNC and technology funds ended with mixed bias.



Long & Short term debt funds closed with positive returns; their advance:decline ratio stood at 72:8 & 104:8, respectively.



  • Equity diversified NAVs end higher 
  • Banking and FMCG funds advanced
  • Pharma, MNC and technology funds ended mixed bias
  • Long & Short term debt funds ended with positive returns

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