EQUITY NAVs DECLINE AS MARKET END FLAT

Equity Mutual Funds closed in red as the market closed flat on Wednesday after the sell-off in last hour of trade, ahead of expiry of February derivative contracts and Railway Budget. The volatility in last few sessions suggests that investors continued to be cautious ahead of the Union Budget (to be presented on Saturday). Performance wise, all the funds in the equity category barring Index fund closed in negative terrain. Among sectoral funds, FMCG and Technology Funds whereas Banking & Finance and Pharma & Health care funds succumb under market pressure. The 30-share BSE Sensex had rallied 265 points intraday before closing with gains of just 3.33 points at 29007.99. The 30-share NSE Nifty failed to hold the 8800-mark, rising 5.15 points to close at 8767.25. However, the BSE Midcap and Small cap indices ended marginally down. Among fixed income funds, both Long term and Short term funds maintained steady performance.
Equity diversified: Top gainers 
Mirae Asset Global Commodity Stock Fund - Regular Plan (G) up 1.02%
Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.65% 
Religare Invesco Mid N Small Cap Fund (G) up 0.47%
Equity diversified: Top losers
Sahara Midcap Fund (G) down 0.94% 
Franklin India Growth Fund (G) down 0.93%
Get real time advice for Equity Trading Tips , Stock Cash Premium Tips , Equity Intraday Tips ,Stock Cash Intraday , Stock Trading Tips, NSE Stock Market Tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.