Equity Mutual Funds advanced as the Buying in oil & gas and banks stocks in last hour trade helped the equity benchmarks end at record closing highs on Friday ahead of big events next week – NDA government's Budget for 2014-15 (on July 10) and April-June quarter earnings starting off with Infosys (on July 11). Equity funds across categories including sector space excelled registering very few decline.
The Sensex rose 138.31 points to 25962.06 while the Nifty climbed above the 7750 level, up 36.80 points at 7751.60. The BSE Midcap and Smallcap indices gained 0.6 percent and 0.9 percent, respectively.
As the market approaches Budget day, experts believe it will remain in positive terrain and may touch 7800-8000 level around Budget. But post this event, it may see some profit booking that may take Nifty to 7500 level again, they add.
In the fixed income space, all the funds in debt space too ended higher. The Benchmark 10-year bond yield steady at 8.66 percent after traders said the cut-offs yields in the bond auction announced by the central bank were in line with market expectations.
Check out all mutual fund gainers & losers
Here is the day's performance and the gainers and losers across categories.
Equity diversified: Top gainers
* Mirae Asset Emerging Bluechip Fund (G) up 1.39%
* Sundaram S.M.I.L.E Fund - Regular Plan (G) up 1.31%
* ICICI Prudential Top 100 Fund (G) up 1.25%
Equity diversified: Top losers
* Religare Invesco AGILE Fund (G) down 0.22%
* PineBridge Infrastructure and Economic Reform Fund - Standard Plan (G) down 0.12%
* Religare Invesco Equity Fund - Direct Plan (G) down 0.05%
Tax saving funds: Top gainers
* Escorts Tax Plan (G) up 1.47%
* Sahara Tax Gain (G) up 1.22%
* Sundaram Tax Saver (OE) (G) up 1.02%
Tax saving funds: Top losers
* Religare Invesco AGILE Tax Fund (G) down 0.21%
* Reliance Equity Linked Saving Fund - Series I (G) down 0.14%
* ICICI Prudential Equity Savings Fund - Series 1 (G) down 0.13%
Sector funds: Top gainers
* Birla Sun Life MNC Fund (G) up 1.03%
* Religare Invesco Banking Fund - Regular Plan (G) up 1.02%
* Sahara Banking and Financial Services Fund (G) up 0.85%
Sector funds: Top losers
* No Losers
Balanced funds: Top gainers
* ICICI Prudential Child Care Plan - Gift Plan up 1.05%
* Escorts Balanced Fund (G) up 0.92%
* Canara Robeco Balance (G) up 0.61%
Balanced funds: Top losers
* No Losers
Debt funds: Top gainers
* SBI EDGE Fund (G) up 0.26%
* ICICI Prudential Gilt - Investment Plan - PF Option (G) up 0.19%
* Birla Sun Life Income Plus - Retail (G) (Plan B) up 0.16%
Debt funds: Top losers
* Sundaram Gilt Fund (G) down 0.05%
* UTI Gilt Advantage Fund - LTP- PF (G) down 0.02%
* UTI Gilt Advantage Fund - Long Term Plan (G) down 0.02%
For more Mutual Fund News click here >>
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