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Friday, October 19, 2007

MF NAVs Decline Sharply As Mkts End Lower

The pain continued in equity diversified NAVs as it ended lower with negative advance:decline ratio of 2:176 as the markets finished with big loss. The Sensex was down 717.43 points or 3.83% at 17998.39, and the Nifty down 208.30 points or 3.75% at 5351.00.

On the sectoral front, auto, banking, FMCG and pharma funds declined while technology funds closed mixed. The BSE Auto, Bankex, FMCG and Healthcare indices lost 1.51%, 5.96%, 0.72% and 0.12%, respectively. The BSE IT Index closed flat.

* Equity diversified NAVs end lower
* Auto, banking, FMCG and pharma funds decline
* Technology funds close mixed
Posted by Indian-commodity at 10:49 AM

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