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    HomeNewsBusinessMutual FundsNAVs end higher as markets gain

    NAVs end higher as markets gain

    Equity diversified NAVs ended higher with advance:decline ratio of 216:37 as the Equity benchmarks showed strong pull back in last minutes of trade to end flat led by short covering.

    April 24, 2019 / 19:21 IST

    Equity diversified NAVs ended higher with advance:decline ratio of 216:37 as the Equity benchmarks showed strong pull back in last minutes of trade to end flat led by short covering. Overall, it was a short covering-based recovery in markets -- indices had bounced back today after a sell-off in previous five sessions. But the sudden fall in last one-hour of trade, due to selling in heavyweights like Reliance Industries, TCS, Infosys & Bharti Airtel, pulled the Nifty down to test 5700 level in intraday trade by dropping more than 140 points from day's high.



    The 30-share BSE Sensex closed at 19,196.34, down just 27.78 points and the 50-share NSE Nifty fell 8.75 points to settle at 5,754.10.



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


     


    Short term debt funds closed with positive returns; while long term debt fund ended mixed, their advance:decline ratio stood at 82:22 & 41:41, respectively.


    • Equity diversified NAVs end higher
    • Banking funds advance
    • Technology, FMCG pharma and funds declined
    • Short term debt funds ended with positive returns
    • Long term debt fund ended mixed

    Check out all mutual fund gainers & losers

    Here is the day
    first published: Jan 11, 2011 11:34 pm

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