NAVs end with negative returns

Equity diversified NAVs ended lower with advance:decline ratio of 7:245 as Indian benchmarks were slaughered by a combination of shorts build-up as well as profit booking on Thursday. Financial, technology, infrastructure companies' shares along with heavyweight Reliance Industries witnessed selling pressure.

The benchmark Nifty got badly bruised by 111.35 points to settle at 5,751.90.  The 30-share BSE Sensex plunged 351.28 points or 1.80% to close at 19,182.82.

All sectoral funds declined. However, long and short term debt funds closed with positive returns; their advance:decline ratio stood at 56:22 & 82:25, respectively.

• Equity diversified NAVs end lower
• All sectoral funds decline
• Long and short term debt funds close with positive returns

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