Mutual Fund On Buying Spree

Domestic mutual funds (MFs) on buying spree for the fourth consecutive day after selling continuously for seven trading days in February 2007. On 21 February 2007, MFs purchased shares worth Rs 17.81 crore compared with Tuesday's (20 February 2007) purchases of Rs 2.95 crore. Out of the 14 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on six. MFs made gross buying worth Rs 557.78 crore, their gross sales aggregating Rs 539.97 crore. The 30-shares BSE Sensex lost 64.89 points, at 14,188.497 on 21 February 2007. The cumulative investment by MFs, till 21 February 2007, is an outflow of Rs 1174.66 crore. MF net inflow from April 2006-February 2007, to 21 February 2007, stands at Rs 9803.21 crore.