MFs In Buying Mood

Domestic mutual funds (MFs) are in buying mood. MFs, for the sixth consecutive day after selling continuously on seven trading days in February 2007. On Friday (23 February 2007), MFs purchased shares worth Rs 37.21 crore compared with Thursday's (22 February 2007) purchases of Rs 0.75 crore. Out of the 16 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on eight. MFs made gross purchases worth Rs 780.45 crore, their gross sales aggregating Rs 743.24 crore. The 30-share BSE Sensex advanced 16.99 points (0.12%), to 13,649.52, on 22 February 2007. The cumulative investment by MFs, till 23 February 2007, is an outflow of Rs 1136.70 crore.