Equity funds advanced as the BSE Sensex bounced back on Tuesday after a fall of more than 400 points in previous two sessions. Large cap funds, ELSS, Balanced funds closed in a positive terrain with the ratio of 69: 8, 37: 11 and 14:60, while Diversified Equity ended flat with the ratio of 64: 31 respectively. Small & Mid Cap and Infrastructure funds were seen losing the most among equity category with the advance: decline ratio of 14:31 and 2: 28 respectively.
Among sector funds, FMCG and Techonlogy funds were among the top gainers, while Banking & Finance registered with mixed returns with the advance: decline ratio of 4:6. Pharma & Healthcare closed with negative returns witnessing no gainers.
The Sensex was up by 110.61 points closed at 17,207.29 while Nifty rose 22.05 points to close at 5,222.65. Tata Consultancy Services (TCS) shouldered most of the upmove in a listless trade, though rival Infosys also made good its losses.
Opportunities focus of Zain conference
Demand for mobility, broadband, virtualisation, cloud-based services and enhanced customer experience are drivers for transformation in information and communications technology, experts have said.<