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    HomeNewsBusinessMutual FundsNAVs decline sharply as markets crash

    NAVs decline sharply as markets crash

    Equity diversified NAVs decline sharply with advance:decline ratio of 0:254 as the Equity benchmarks saw a free-fall on Monday and kicked off the second week of 2011 on a bearish note, dragged down by sectors like capital goods, oil & gas, financial, metal and realty.

    January 11, 2011 / 11:09 IST

    Equity diversified NAVs decline sharply with advance:decline ratio of 0:254 as the Equity benchmarks saw a free-fall on Monday and kicked off the second week of 2011 on a bearish note, dragged down by sectors like capital goods, oil & gas, financial, metal and realty. The Nifty extended losses for fifth consecutive session and touched one-month low during the day; shed 395 points while the Sensex dropped 1340 points in five days.


     


    The 30-share BSE Sensex closed at 19,224.12, down 467.69 points or 2.38% and the 50-share NSE Nifty plunged 141.75 points or 2.40% to settle at 5,762.85. The broader indices followed the same trend; the BSE Midcap Index was down 2.34% and Smallcap down 2.83%.


     


    All sector fund decline, However long and short term debt funds ended with positive returns; their advance:decline ratio stood at 59:24 & 100:10, respectively.


    • Equity diversified NAVs decline sharply
    • All sectoral funds decline
    • Short & long term debt funds end higher

    Check out all mutual fund gainers & losers

    Here is the day
    first published: Jan 10, 2011 11:56 pm

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