Wednesday, January 10, 2007

Mutual Funds Switch To Selling

Mutual funds (MFs) were seen selling shares worth a net Rs 148.30 crore on 8 January 2007 compared to Friday’s (5 January 2007) purchases of Rs 15.48 crore.
MFs made gross sales worth Rs 712.99 crore, their gross purchases aggregating Rs 564.69 crore on Monday (8 January 2007). The 30-share BSE Sensex lost 208.37 points (1.5%), settling at 13,652.15, on 8 January 2007. MF net inflow for January 2007, up to 8 January, stand at Rs 31.61 crore. The MF’s net inflow for the first three months of the current financial year 2006-07 is Rs 8952.45 crore.

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