Equity diversified NAVs closed with sharp cut and their advance:decline ratio was at 7:221, as the benchmark indices have witnessed huge selling pressure for the second day in a row and ended sharply lower. A heavy shorts build-up was seen in the rate sensitive, infrastructure, metal, technology and oil & gas stocks, which dragged the Sensex below 9000 mark in the last one hour of trade.
Long term debt funds ended with negative returns while short term debt funds finished mixed; their advance:decline ratio stood at 13:62 and 47:44, respectively. Equity diversified NAVs close with sharp cut All sectoral funds decline Long term debt funds end with negative returns Short term debt funds finish mixed.