Mutual Funds In Buying Mood

Domestic mutual funds (MFs) is said to have bought for the second consecutive day after selling continuously for seven trading days in February 2007. On Monday (19 February 2007), MFs bought shares worth Rs 130.77 crore compared with Friday's (15 February 2007) purchases of Rs 104.88 crore. Out of the 12 trading sessions in February, MFs were net sellers of equities for 8 days, and net buyers on four. MFs made gross purchases worth Rs 704.22 crore, their gross sales aggregating Rs 573.45 crore. The 30-shares BSE Sensex settled 47.35 points, at 14,402.90, on 19 February 2007. The cumulative investment by MFs, till 19 February 2007, is an outflow of Rs 1195.42 crore. MF net inflow from April 2006-February 2007, to 19 February 2007, stands at Rs 9782.45 crore.