Equity diversified NAVs ended lower with negative advance:decline ratio of 8:204 as markets sink deep in red on the back of continued profit booking and weak global cues. Markets ignored stability in crude price and steady inflation numbers. The Sensex was down 502.07 points or 3.40% at 14274.94. Nifty was down 121.70 points or 2.74% at 4311.85.
On the sectoral front, auto and banking funds declined. FMCG funds ended mixed. Pharma funds closed mixed with negative bias while technology funds mixed with positive bias.
However, long term debt funds advanced; advance:decline ratio stood at 47:32.
Equity diversified NAVs end lower
Auto and banking funds decline
FMCG funds end mixed
Pharma funds close mixed with negative bias
Technology funds end mixed with positive bias
Long term debt funds advance
Among the equity diversified funds, the top gainers were UTI Mid Cap Fund (G) up 0.44%, Sundaram BNP Paribas Select Small Cap Fund (G) up 0.34% and Birla Sun Life Dividend Yield Plus (G) up 0.21%. The top losers were UTI Index Select Equity Fund (G) down 2.86%, Franklin India Opportunities Fund (G) down 3.00% and ICICI Pru Growth Plan (G) down 2.86%.
Among the tax saving funds, the only gainer was Taurus Libra Tax Shield (G) up 0.25%. The top losers were LIC MF Tax Plan (G) down 2.78%, Franklin India Tax Shield (G) down 2.53% and Birla Sun Life Tax Relief 96 (G) down 2.78%.
Among the sector funds, the top gainers were JM Healthcare Sector Fund (G) up 0.42%, Franklin FMCG Fund (G) up 0.42% and SBI Magnum Pharma Fund (G) up 0.17%. The top losers were Lotus India Banking Fund - Retail Plan (G) down 4.80%, UTI Banking Sector Fund (G) down 3.32% and UTI Energy Fund (G) down 3.03%.
Among the balanced funds, the only gainer was BOB Children Fund - Gift Plan up 0.01%. The top losers were Kotak Dynamic Asset Allocation (G) down 3.10%, FT India Balanced Fund (G) down 2.28% and Sundaram BNP Paribas Balanced Fund (G) 2.18%.
On the sectoral front, auto and banking funds declined. FMCG funds ended mixed. Pharma funds closed mixed with negative bias while technology funds mixed with positive bias.
However, long term debt funds advanced; advance:decline ratio stood at 47:32.
Equity diversified NAVs end lower
Auto and banking funds decline
FMCG funds end mixed
Pharma funds close mixed with negative bias
Technology funds end mixed with positive bias
Long term debt funds advance
Among the equity diversified funds, the top gainers were UTI Mid Cap Fund (G) up 0.44%, Sundaram BNP Paribas Select Small Cap Fund (G) up 0.34% and Birla Sun Life Dividend Yield Plus (G) up 0.21%. The top losers were UTI Index Select Equity Fund (G) down 2.86%, Franklin India Opportunities Fund (G) down 3.00% and ICICI Pru Growth Plan (G) down 2.86%.
Among the tax saving funds, the only gainer was Taurus Libra Tax Shield (G) up 0.25%. The top losers were LIC MF Tax Plan (G) down 2.78%, Franklin India Tax Shield (G) down 2.53% and Birla Sun Life Tax Relief 96 (G) down 2.78%.
Among the sector funds, the top gainers were JM Healthcare Sector Fund (G) up 0.42%, Franklin FMCG Fund (G) up 0.42% and SBI Magnum Pharma Fund (G) up 0.17%. The top losers were Lotus India Banking Fund - Retail Plan (G) down 4.80%, UTI Banking Sector Fund (G) down 3.32% and UTI Energy Fund (G) down 3.03%.
Among the balanced funds, the only gainer was BOB Children Fund - Gift Plan up 0.01%. The top losers were Kotak Dynamic Asset Allocation (G) down 3.10%, FT India Balanced Fund (G) down 2.28% and Sundaram BNP Paribas Balanced Fund (G) 2.18%.
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