Thursday, May 10, 2007

MF NAVs Regain As Markets End In Green

Equity diverisified NAVs recovered some earlier losses and ended the day with positive returns as markets closed in green after spending most of the day in negative terrain. The Sensex closed up 16.05 points or 0.12% at 13781.51, and the Nifty up 2.30 points or 0.06% at 4079.3.
Equity diversified funds advance:decline ratio stood at 110:50 and tax saving at 22:10.

On the sectoral front, banking and FMCG funds advanced while auto, pharma and technology funds declined. The BSE Bankex was up 1.46%. The BSE IT Index slipped 0.92%.

Long term debt funds finished with negative returns with advance:decline ratio of 62:13.

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