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NAVs end strong as markets surge

Equity diversified NAVs ended strong with advance:decline ratio of 251:2. It was a spectacular session for Indian equities led by short covering across sectors and was a continuation of uptrend for the second consecutive day after a deep cut seen in previous five days.

February 04, 2011 / 08:20 AM IST

Equity diversified NAVs ended strong with advance:decline ratio of 251:2. It was a spectacular session for Indian equities led by short covering across sectors and was a continuation of uptrend for the second consecutive day after a deep cut seen in previous five days. Sharp spike in heavyweights like Reliance Industries, Bharti, SBI, DLF, L&T and BHEL pulled the Nifty above 5500 - an important psychological level and supported the Sensex to add 359 points at close.


 


The 30-share BSE Sensex rallied 358.69 points or 1.98%, to end at 18,449.31 and the 50-share NSE Nifty surged 94.75 points or 1.74%, to settle at 5,526.75. The broader indices went up one percent each.


 


All sectoral funds advanced, Short term debt funds too closed with positive returns, however long term debt funds ended negative; their advance:decline ratio stood at 90:20 & 29:53, respectively.



  • Equity diversified NAVs end strong
  • All sectoral funds advance
  • Short term debt funds advance
  • Long term debt funds ended negative

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