MFs Continue To Buy

Domestic mutual funds (MFs) continued their buying spree for the fifth consecutive day after selling continuously for seven trading days in February 2007. On 22 February 2007, MFs purchased shares worth Rs 0.75 crore compared with Wednesday's (21 February 2007) purchases of Rs 17.81 crore. Out of the 15 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on seven. MFs made gross purchases worth Rs 1063.85 crore, their gross sales aggregating Rs 1063.10 crore. The 30-shares BSE Sensex plunged 388.78 points (2.77%), to settle at 13,659.53 on 22 February 2007. The cumulative investment by MFs, till 22 February 2007, is an outflow of Rs 1173.91 crore. MF net inflow from April 2006 - February 2007, to 21 February 2007, stands at Rs 9803.96 crore.