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NAVs decline sharply as markets slip

Equity diversified NAVs decline sharply with advance:decline ratio of 3:255 as the Indian equity benchmarks closed at seven-month lows on Tuesday and underperformed the global markets by shedding more than 260 points on the Sensex.

February 09, 2011 / 08:58 AM IST

Equity diversified NAVs decline sharply with advance:decline ratio of 3:255 as the Indian equity benchmarks closed at seven-month lows on Tuesday and underperformed the global markets by shedding more than 260 points on the Sensex. The Nifty managed to hold the 5300 level as it touched an intraday low of 5,303.40, dragged down by almost all sectors.


 


 The 30-share BSE Sensex closed at 17,775, down 261 points and the 50-share NSE Nifty fell 83 points to 5,312, after hitting intraday lows of 17,742.18 and 5,303.40. The broader indices saw more sell-off as compared to benchmarks - the BSE Midcap Index was down 2.4% and Smallcap down 3.2%.


 


All sector fund decline, However long and short term debt funds ended with positive returns; their advance:decline ratio stood at 81:3 & 110:2, respectively 



  • Equity diversified NAVs ended lower 
  • Sector funds decline
  • Llong & Short term debt funds advance

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