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    HomeNewsBusinessMutual FundsNAVs end with negative returns; banking funds dip

    NAVs end with negative returns; banking funds dip

    Equity diversified NAVs ended lower with advance:decline ratio of 52:197 as the benchmark Nifty closed the rangebound session with moderate losses. The sell-off in financial, telecom, capital goods, auto and realty companies' shares weighed on markets.

    January 05, 2011 / 10:28 IST

    Equity diversified NAVs ended lower with advance:decline ratio of 52:197 as the benchmark Nifty closed the rangebound session with moderate losses. The sell-off in financial, telecom, capital goods, auto and realty companies' shares weighed on markets.


    The 30-share BSE Sensex closed at 20,498.72, with loss of 62.33 points and the 50-share NSE Nifty fell 11.25 points to settle at 6,146.35.


    On sectoral front, banking funds declined while FMCG, pharma and technology funds advanced.


    Short term debt funds ended higher while long term debt funds closed mixed; their advance:decline ratio stood at 97:17 & 35:49, respectively.


    • Equity diversified NAVs end lower
    • Banking funds decline
    • FMCG, pharma and technology funds advance
    • Short term debt funds end higher
    • Long term debt funds close mixed

    Check out all mutual fund gainers & losers

    Here is the day
    first published: Jan 5, 2011 09:22 am

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