NAVs Close Strong on 4th Day too

The equity diversified NAV closed with an advance:decline ratio of 246:4, rise attributed due to huge buying in banking and financial sector. Biggies like Reliance, ITC were among the other gainers like metal, auto, oil, gas and technology stocks.

Bharti Airtel, Reliance Communications, Sterlite, HUL and Ambuja Cements were the losers.

BSE closed at 16,498.72, up 340.44 points whereas NSE rose 102.25 points or 2.13%, to settle at 4,898.40.

TOP Mutual Fund GAINERS
* SBI Magnum Midcap Fund (G) up 3.10%
* JM HI FI Fund (G) up 3.09%
* HDFC Infrastructure Fund (G) up 3.08%
* JM Tax Gain Fund (G) up 3.20%
* IDFC Tax Advantage (ELSS) Fund (G) up 2.64%
* Bharti AXA Tax Advantage Fund - Retail Plan (G) up 2.53%
* JM Financial Services Sector Fund (G) up 5.48%
* UTI Banking Sector Fund (G) up 5.06%
* Religare Banking Fund - Regular Plan (G) up 4.00%
* Kotak Dynamic Asset Allocation (G) up 3.23%
* Tata Balanced Fund (G) up 1.99%
* Sundaram BNP Paribas Balanced Fund - Regular Plan (G) up 1.91

TOP Mutual Fund LOSERS

* Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 0.57%
* Birla Sun Life International Equity Fund - Plan A (G) down 0.46%
* JM Telecom Sector Fund (G) down 0.76