Equity Mutual Funds advanced on Wednesday as the market staged sharp short covering-led rally. Smart gains in technology, financials, oil & gas and telecom helped the market recover half of previous day’s losses. All the funds in the equity domain advanced registering no decline.
In the sector space, barring FMCG all other sector categories advanced with no decline. The Sensex rose 332.89 points or 1.83 percent to close at 18567.55, and the Nifty gained 106.65 points or 2 percent at 5448.10.Experts believe overall the market has been moving in a tight range amid concerns like growth slowdown, weak currency and downgrades
In the fixed income space, all the funds in debt space soar high as government bond yields dropped for a fourth session in five on Wednesday as a recovery in the rupee from close to record lows and the swearing-in of a new central bank governor raised hopes for some market-friendly measures. Check out all mutual fund gainers & losers Here is the day’s performance and the gainers and losers across categories.
Equity diversified: Top gainers
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