Mutual Fund Take To Buying

Domestic mutual funds (MFs) continued their buying spree for the seventh consecutive day after selling continuously for seven trading days in February 2007. On Monday (26 February 2007), MFs bought shares worth Rs 270.59 crore compared with Friday's (23 February 2007) purchases of Rs 37.21 crore. Out of the 17 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on nine. MFs reported gross purchases worth Rs 821.03 crore, their gross sales aggregating Rs 550.44 crore. The 30-share BSE Sensex advanced 16.99 points (0.12%), to 13,649.52 on 26 February 2007. The cumulative investment by MFs, till 26 February 2007, is an outflow of Rs 866.11 crore. MF net inflow from April 2006-February 2007, to 26 February 2007, stands at Rs 10111.76 crore.