Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMutual FundsNAVs end strong as markets surge

    NAVs end strong as markets surge

    Equity diversified NAVs ended strong with advance:decline ratio of 238:6 as the Indian equity benchmarks outperformed global peers on the first trading day of the week, surging 2% on short covering and buying interest from foreign institutional investors.

    October 11, 2011 / 10:32 IST

    Equity diversified NAVs ended strong with advance:decline ratio of 238:6 as the Indian equity benchmarks outperformed global peers on the first trading day of the week, surging 2% on short covering and buying interest from foreign institutional investors.


    The 30-share BSE Sensex climbed 324.69 points, to close at 16,557.23 and the 50-share NSE Nifty jumped 91.55 points, to end at 4,979.60.


    Among the sector funds, banking, FMCG and technology funds advance, while pharma funds ended mixed with negative bias.


    Among the debt funds, short term debt funds ended higher, while long term debt funds ended with negative returns, their advance:decline ratio stood at 93:27 & 27:51, respectively.


    • Equity diversified NAVs end strong 
    • Banking, FMCG and technology funds advance
    • Pharma funds ended mixed with negative bias
    • Short term debt funds advance
    • Long term debt funds ended with negative returns
    Check out all mutual fund gainers & losers


    Here is the day
    first published: Oct 11, 2011 10:25 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347