NAVs close higher on positive market cues
Equity diversified NAVs finished with positive returns and their advance:decline ratio stood at 176:37, as the benchmark indices ended the last day of May series on a positive note. This rally was led by shares of capital goods, metal, banking, oil & gas exploration and select power companies.
The 50-share NSE Nifty closed at 4337.10, up 1.43% or 61.05 points over previous close. The 30-share BSE Sensex closed 186.37 points or 1.32% higher at 14,296.01.
On the sectoral front, auto, banking and technology funds advanced while FMCG and pharma declined.
Short term debt funds ended mixed while long term debt funds closed with negative returns; their advance:decline ratio stood at 40:39 and 11:55, respectively.
Equity diversified NAVs finish with positive returns
Auto, banking and technology funds advance
FMCG and pharma decline
Short term debt funds end mixed
Long term debt funds close with negative returns
Here is the day’s performance and the gainers and losers across categories.
Equity diversified: Top gainers
Kotak Indo World Infrastructure Fund (G) up 2.69%
Kotak 30 (G) up 2.41%
UTI Contra Fund (G) up 1.74%
Equity diversified: Top losers
Birla Sun Life Commodity Equities – Global Agri Plan – Retail Plan (G) down 2.19%
Birla Sun Life Commodity Equities – Global Precious Metals Plan -RP (G) down 1.35%
Birla Sun Life Commodity Equities – Global Multi Commodity Plan – RP (G) down 1.13%
Tax saving funds: Top gainers
LIC MF Tax Plan (G) up 1.42%
IDFC Tax Advantage (ELSS) Fund (G) up 1.35%
Edelweiss ELSS Fund (G) up 1.32%
Sector funds: Top gainers
Sahara Banking and Financial Services Fund (G) up 1.81%
Reliance Banking Fund (G) up 1.30%
JM Financial Services Sector Fund (G) up 1.20%
Sector funds: Top losers
Reliance Media & Entertainment Fund (G) down 1.84%
SBI Magnum Pharma Fund (G) down 1.67%
Franklin Pharma Fund (G) down 0.78%
Balanced funds: Top gainers
Sundaram BNP Paribas Balanced Fund (G) up 1.24%
Kotak Dynamic Asset Allocation (G) up 1.21%
Escorts Balanced Fund (G) up 1.10%
Balanced funds: Top losers
UTI Childrens Career Balanced Plan down 0.13%
HDFC Prudence Fund (G) down 0.06%
HDFC Balanced Fund (G) down 0.02%
