Mutual Fund Buying Reduces

Domestic mutual funds (MFs) continued buying for the third consecutive day after selling continuously for seven trading days in February 2007. On 20 February 2007, MFs purchased shares worth Rs 2.95 crore compared with Monday's (19 February 2007) purchases of Rs 130.77 crore. Out of the 13 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on five. MFs made gross purchases worth Rs 544.59 crore, their gross sales aggregating Rs 541.64 crore. The 30-shares BSE Sensex lost 149.52 points (1%), to 14,253.38, on 20 February 2007. The cumulative investment by MFs, till 20 February 2007, is an outflow of Rs 1192.47 crore. MF net inflow from April 2006-February 2007, to 20 February 2007, stands at Rs 9785.40 crore.