NAVs close with negative returns

Equity diversified NAVs ended lower with advance:decline ratio of 83:167 as Indian benchmarks retreated on Wednesday, dragged down by oil & gas, technology, capital goods, FMCG and cement companies' shares along with HDFC, HDFC Bank, SBI and NTPC.

The 50-share NSE Nifty closed at 5,691.05, with a loss of 33 points or 0.58%. The 30-share BSE Sensex ended at 18,978.32, down 113.73 points or 0.6%.

On sectoral front, technology funds declined while banking & FMCG funds advanced. Pharma funds ended mixed.

However, long and short term debt funds closed with positive returns; their advance:decline ratio stood at 50:29 & 84:27, respectively.

• Equity diversified NAVs end lower
• Technology funds decline
• Banking & FMCG funds advance
• Pharma funds end mixed
• Long and short term debt funds close with positive returns

Check out all mutual fund gainers & losers

Here is the day