NAVs end with negative returns as mkts slip 1%

Equity diversified Fund, ong term debt funds, Short term debt funds, Pharma funds, Banking funds, FMCG funds, technology funds

Equity diversified NAVs ended with negative returns and their advance:decline ratio stood at 13:239. The Nifty closed below the psychological 5,000 mark for the first time in the last 15 sessions, down 1%. The sell-off was seen across all the sectors barring pharma and auto. Realty, oil & gas, banking and FMCG were the major losers. However, Tata Motors, TCS, HCL Tech, Wipro, Sun Pharma, Ranbaxy, Hero Honda and Cipla were the only gainers.

The 30-share BSE Sensex closed at 16,719.83, down 174.42 points or 1.03% and the 50-share NSE Nifty fell 1.07% or 54.05 points, to settle at 4,987.70.

On the sectoral front, banking, FMCG and technology funds declined while pharma funds advanced. The BSE Bank, FMCG and IT indices were down by 1.22%, 1.23% and 0.62%, respectively. However, the BSE Healthcare index was up 1.32%.

Long term debt funds also ended lower while short term debt funds closed with positive returns; their advance:decline ratio stood at 21:58 and 68:30, respectively.

* Equity diversified NAVs end with negative returns
* Banking, FMCG and technology funds decline
* Pharma funds advance
* Long term debt funds end lower
* Short term debt funds close with positive returns