NAVs decline sharply as markets slip

Equity diversified NAVs ended lower with advance:decline ratio of 8:247 as Indian equity benchmarks extended losses on Monday for the fourth consecutive session. Lower than expected industrial output data and rising crude oil prices led the investors as well as traders to get into major profit booking.
 
The 50-share NSE Nifty fell 56.30 points or 0.96%, to settle at 5,785.7 as more than 35 shares declined out of 50. Oil & gas, auto, realty, metal, select financial and technology companies' shares dragged the markets down.

The 30-share BSE Sensex lost 188.91 points or 0.97%, to close at 19,262.54. The BSE Midcap and Smallcap indices too were down 0.7% each.

On the sectoral front, FMCG and pharma funds advance while banking and technology funds decline.

Long and short term debt funds closed higher; their advance:decline ratio stood at 43:32 & 111:13, respectively.

• Equity diversified NAVs end lower

• FMCG and pharma funds advance

• Banking and technology funds decline

• Long and short term debt funds close higher

Here is the day