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    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.

    January 20, 2011 / 11:34 IST

    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
    first published: Jan 19, 2011 11:53 pm

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