NAVs end higher as markets gain

Equity diversified NAVs ended strong with advance:decline ratio of 252:4 as markets closed the last session of the year 2010 on a positive note, led by support from financial, Anil Dhirubhai Ambani Group, realty, telecom, auto, select metal and power companies' shares.

The 30-share BSE Sensex closed at 20,509.09, up 120.02 points or 0.59% and the 50-share NSE Nifty rose 32.65 points or 0.54% to settle at 6,134.50. The BSE Midcap and Smallcap indices went up 1% each.

All sectoral funds advanced. Even short and long term debt funds ended higher; their advance:decline ratio stood at 82:1 & 111:1, respectively.

• Equity diversified NAVs end strong
• All sectoral funds advance
• Long and short term debt funds end higher

Check out all mutual fund gainers & losers

Here is the day's performance and the gainers and losers across categories.

Equity diversified: Top gainers

• JM HI FI Fund (G) up 1.90%
• JM Emerging Leaders Fund (G) up 1.81%
• JM Small & Mid-Cap Fund - Regular Plan (G) up 1.59%

Equity diversified: Top losers

• Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 1.03%
• Birla Sun Life International Equity Fund - Plan A (G) down 0.43%
• Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 0.42%

Tax saving funds: Top gainers

• Escorts Tax Plan (G) up 1.61%
• Tata Infrastructure Tax Saving Fund (G) up 1.28%
• JM Tax Gain Fund (G) up 1.16%

Tax saving funds: Top losers

• No Losers

Sector funds: Top gainers

• JM Basic Fund (G) up 1.93%
• JM Financial Services Sector Fund (G) up 1.92%
• UTI Banking Sector Fund (G) up 1.29%

Sector funds: Top losers

• No Losers

Balanced funds: Top gainers

• ICICI Pru Child Care Plan - Gift Plan up 0.81%
• Principal Conservative Growth Fund up 0.78%
• DSP BlackRock Balanced Fund (G) up 0.77%

Balanced funds: Top losers

• No Losers

For more Mutual Fund Newsclick here