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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
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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. Check out all mutual fund gainers & losers

Here is the day
first published: Jan 19, 2011 11:53 pm

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